LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 25, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to electronic transmission of documentation involved in certain insurance transactions. Based on information provided by the Texas Department of Insurance, the bill would require the agency to amend existing HMO rules, update examination procedures, revise internal and external checklists, and make changes to consumer publications. It is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, RB, ER
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 25, 2013
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions.), As Introduced
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions.), As Introduced
SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions.), 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 electronic transmission of documentation involved in certain insurance transactions. Based on information provided by the Texas Department of Insurance, the bill would require the agency to amend existing HMO rules, update examination procedures, revise internal and external checklists, and make changes to consumer publications. It is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would amend the Insurance Code relating to electronic transmission of documentation involved in certain insurance transactions.
Based on information provided by the Texas Department of Insurance, the bill would require the agency to amend existing HMO rules, update examination procedures, revise internal and external checklists, and make changes to consumer publications. It is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing 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: UP, RB, ER
UP, RB, ER