LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 20, 2013 TO: Honorable David Dewhurst, Lieutenant Governor, Senate FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions. ), As Passed 2nd House 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, AG, RB, ER
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 20, 2013
TO: Honorable David Dewhurst, Lieutenant Governor, Senate FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions. ), As Passed 2nd House
TO: Honorable David Dewhurst, Lieutenant Governor, Senate
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions. ), As Passed 2nd House
Honorable David Dewhurst, Lieutenant Governor, Senate
Honorable David Dewhurst, Lieutenant Governor, Senate
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 Passed 2nd House
SB1074 by Hegar (Relating to electronic transmission of documentation involved in certain insurance transactions. ), As Passed 2nd House
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, AG, RB, ER
UP, AG, RB, ER