LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 16, 2013 TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB736 by Watson (Relating to insurance rating and underwriting practices and declinations based on certain consumer inquiries.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to insurance rating and underwriting practices and declinations based on certain consumer inquiries. The bill would prohibit insurers from using an underwriting guideline or charging a rate based upon a consumer inquiry that has been made by or on behalf of the applicant or insured. Based on information provided by the Texas Department of Insurance (TDI), 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, RB, ER, LXH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 16, 2013
TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB736 by Watson (Relating to insurance rating and underwriting practices and declinations based on certain consumer inquiries.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB736 by Watson (Relating to insurance rating and underwriting practices and declinations based on certain consumer inquiries.), 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
SB736 by Watson (Relating to insurance rating and underwriting practices and declinations based on certain consumer inquiries.), As Introduced
SB736 by Watson (Relating to insurance rating and underwriting practices and declinations based on certain consumer inquiries.), 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 insurance rating and underwriting practices and declinations based on certain consumer inquiries. The bill would prohibit insurers from using an underwriting guideline or charging a rate based upon a consumer inquiry that has been made by or on behalf of the applicant or insured. Based on information provided by the Texas Department of Insurance (TDI), 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, RB, ER, LXH
UP, RB, ER, LXH