LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 21, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1757 by Thompson (Relating to review of certain license examinations for insurance agents.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would require the Texas Department of Insurance (TDI) or a vendor under contract with the department to review certain insurance agent license examinations if during any 12-month period the exam has an overall pass rate of less than 70 percent for first-time examinees. The bill would require TDI to collect demographic data and to provide an annual report indicating whether there was any disparity in the pass rate based on demographic information. The bill would authorize the Commissioner of Insurance to establish rules necessary to implement the provisions of the bill. Based on the analysis from the Texas Department of Insurance, any costs realized by TDI from implementing the provisions of the bill could be absorbed within existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, CL, KJG, MW, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 21, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1757 by Thompson (Relating to review of certain license examinations for insurance agents.), As Engrossed
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1757 by Thompson (Relating to review of certain license examinations for insurance agents.), As Engrossed
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1757 by Thompson (Relating to review of certain license examinations for insurance agents.), As Engrossed
HB1757 by Thompson (Relating to review of certain license examinations for insurance agents.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require the Texas Department of Insurance (TDI) or a vendor under contract with the department to review certain insurance agent license examinations if during any 12-month period the exam has an overall pass rate of less than 70 percent for first-time examinees. The bill would require TDI to collect demographic data and to provide an annual report indicating whether there was any disparity in the pass rate based on demographic information. The bill would authorize the Commissioner of Insurance to establish rules necessary to implement the provisions of the bill. Based on the analysis from the Texas Department of Insurance, any costs realized by TDI from implementing the provisions of the bill could be absorbed within existing resources.
The bill would require the Texas Department of Insurance (TDI) or a vendor under contract with the department to review certain insurance agent license examinations if during any 12-month period the exam has an overall pass rate of less than 70 percent for first-time examinees. The bill would require TDI to collect demographic data and to provide an annual report indicating whether there was any disparity in the pass rate based on demographic information. The bill would authorize the Commissioner of Insurance to establish rules necessary to implement the provisions of the bill.
Based on the analysis from the Texas Department of Insurance, any costs realized by TDI from implementing the provisions of the bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: JOB, CL, KJG, MW, CH
JOB, CL, KJG, MW, CH