LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 11, 2013 TO: Honorable John T. Smithee, Chair, House Committee On Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1585 by Walle (Relating to notice of a premium increase for certain health insurance policies.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to notice of a premium increase for certain health insurance policies. The bill would require insurers to provide notice of a rate increase on an individual accident and health insurance policy that provides major medical expense coverage. Based on information provided by the Texas Department of Insurance, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, AG, MW, ER, LXH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 11, 2013
TO: Honorable John T. Smithee, Chair, House Committee On Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1585 by Walle (Relating to notice of a premium increase for certain health insurance policies.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee On Insurance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1585 by Walle (Relating to notice of a premium increase for certain health insurance policies.), As Introduced
Honorable John T. Smithee, Chair, House Committee On Insurance
Honorable John T. Smithee, Chair, House Committee On Insurance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1585 by Walle (Relating to notice of a premium increase for certain health insurance policies.), As Introduced
HB1585 by Walle (Relating to notice of a premium increase for certain health insurance policies.), 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 relating to notice of a premium increase for certain health insurance policies. The bill would require insurers to provide notice of a rate increase on an individual accident and health insurance policy that provides major medical expense coverage. Based on information provided by the Texas Department of Insurance, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources.
The bill would amend the Insurance Code relating to notice of a premium increase for certain health insurance policies. The bill would require insurers to provide notice of a rate increase on an individual accident and health insurance policy that provides major medical expense coverage.
Based on information provided by the Texas Department of Insurance, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and 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: UP, AG, MW, ER, LXH
UP, AG, MW, ER, LXH