LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 11, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB964 by Ellis (Relating to requirements for insurers and insurance agents that sell Medicare-related products.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to insurance agents that sell Medicare-related products. The bill would require the insurance agents to fulfill additional continuing education requirements and would require the Texas Department of Insurance (TDI) to adopt rules pertaining to the continuing education requirement. TDI anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:405 Department of Public Safety, 454 Department of Insurance LBB Staff: JOB, KJG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 11, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB964 by Ellis (Relating to requirements for insurers and insurance agents that sell Medicare-related products.), As Engrossed
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB964 by Ellis (Relating to requirements for insurers and insurance agents that sell Medicare-related products.), As Engrossed
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
SB964 by Ellis (Relating to requirements for insurers and insurance agents that sell Medicare-related products.), As Engrossed
SB964 by Ellis (Relating to requirements for insurers and insurance agents that sell Medicare-related products.), As Engrossed
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 relating to insurance agents that sell Medicare-related products. The bill would require the insurance agents to fulfill additional continuing education requirements and would require the Texas Department of Insurance (TDI) to adopt rules pertaining to the continuing education requirement. TDI anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 405 Department of Public Safety, 454 Department of Insurance
405 Department of Public Safety, 454 Department of Insurance
LBB Staff: JOB, KJG, CH
JOB, KJG, CH