LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 22, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1748 by Smith, Todd (Relating to the cancellation of a health benefit plan on the basis of misrepresentation or a preexisting condition; providing penalties.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to limit a health benefit plan's cancelation policy on the basis of misrepresentation or a preexisting condition. The bill would also require the Texas Department of Insurance (TDI) to adopt rules relating to the changes in statute. TDI indicates it could absorb the costs associated with the bill within its current resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance, 720 The University of Texas System Administration LBB Staff: JOB, KJG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 22, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1748 by Smith, Todd (Relating to the cancellation of a health benefit plan on the basis of misrepresentation or a preexisting condition; providing penalties.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1748 by Smith, Todd (Relating to the cancellation of a health benefit plan on the basis of misrepresentation or a preexisting condition; providing penalties.), As Introduced
Honorable John T. Smithee, Chair, House Committee on Insurance
Honorable John T. Smithee, Chair, House Committee on Insurance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1748 by Smith, Todd (Relating to the cancellation of a health benefit plan on the basis of misrepresentation or a preexisting condition; providing penalties.), As Introduced
HB1748 by Smith, Todd (Relating to the cancellation of a health benefit plan on the basis of misrepresentation or a preexisting condition; providing penalties.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code to limit a health benefit plan's cancelation policy on the basis of misrepresentation or a preexisting condition. The bill would also require the Texas Department of Insurance (TDI) to adopt rules relating to the changes in statute. TDI indicates it could absorb the costs associated with the bill within its current resources.
The bill would amend the Insurance Code to limit a health benefit plan's cancelation policy on the basis of misrepresentation or a preexisting condition. The bill would also require the Texas Department of Insurance (TDI) to adopt rules relating to the changes in statute. TDI indicates it could absorb the costs associated with the bill within its current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance, 720 The University of Texas System Administration
454 Department of Insurance, 720 The University of Texas System Administration
LBB Staff: JOB, KJG, CH
JOB, KJG, CH