LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 7, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1297 by Frullo (Relating to a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans. The bill would establish a voluntary specialty certification for agents trained regarding self-insured health benefit plans. The Texas Department of Insurance (TDI) anticipates the licensee population to be insignificant and assumes the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Due to the self-leveling nature of the TDI operating fund, this analysis assumes that any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and that TDI would adjust the assessment of the maintenance tax or other fees accordingly in the following year. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, CL, CP, AG, EH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 7, 2017
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1297 by Frullo (Relating to a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans.), As Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1297 by Frullo (Relating to a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans.), As Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1297 by Frullo (Relating to a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans.), As Engrossed
HB1297 by Frullo (Relating to a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans.), 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 a specialty certification for insurance agents who have completed certain training regarding self-insured health benefit plans. The bill would establish a voluntary specialty certification for agents trained regarding self-insured health benefit plans. The Texas Department of Insurance (TDI) anticipates the licensee population to be insignificant and assumes the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Due to the self-leveling nature of the TDI operating fund, this analysis assumes that any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and that TDI would adjust the assessment of the maintenance tax or other fees accordingly in the following year.
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, CL, CP, AG, EH
UP, CL, CP, AG, EH