Relating to the registration with the Texas Department of Insurance of certain contract examiners.
Impact
By mandating the registration of contract examiners, HB4359 aims to improve oversight and coordination between Texas and other states regarding insurance examinations. This bill seeks to facilitate a cooperative approach among states, which could lead to more efficient and comprehensive insurance regulation. The intention is to reduce duplicative examination costs and efforts that can arise when multiple states engage different examiners for the same insurance entity.
Summary
House Bill 4359 establishes new requirements for the registration of certain contract examiners working with insurers in Texas. Under this bill, individuals or entities contracted by other states to conduct market analysis or examinations of Texas-domiciled insurers must register with the Texas Department of Insurance. The registration will include important details such as the examiner's identity, the contracting state's name, and the insurer's identity, thereby enhancing accountability in the examination process.
Contention
Although the bill seemingly promotes efficiency, there may be concerns about its implications on the insurance examination landscape. Some stakeholders may argue that adding registration requirements could complicate the examination process or impose additional bureaucratic hurdles. Additionally, while ensuring accountability, there could be apprehensions about how these changes will affect the dynamics between state regulators and contracted examiners, especially in multistate examinations.
Relating to the continuation and functions of the Texas Juvenile Justice Department, the functions of the office of independent ombudsman for the Texas Juvenile Justice Department, and the powers and duties of the office of inspector general of the Texas Juvenile Justice Department.
Relating to the continuation and functions of the Texas Juvenile Justice Department and the functions of the office of independent ombudsman for the Texas Juvenile Justice Department.
Relating to the regulation and voluntary licensing of reroofing contractors by the Texas Department of Licensing and Regulation; providing administrative and civil penalties; authorizing fees.
Relating to the powers and duties of the Health and Human Services Commission and the transfer to the commission of certain powers and duties from the Department of Family and Protective Services.
Relating to the powers and duties of the Health and Human Services Commission and the transfer to the commission of certain powers and duties from the Department of Family and Protective Services.