LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 8, 2021 TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB573 by Oliverson (Relating to the operation of health care sharing ministries; authorizing a fee; providing an administrative penalty.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the operation, registration, and regulation of health care sharing ministries, including authorization of an administrative fee and providing for an administrative penalty. Based on information provided by the Texas Department of Insurance, this analysis assumes that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 454 Department of Insurance LBB Staff: b > td > JMc, AAL, MB, MPuk
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 8, 2021
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB573 by Oliverson (Relating to the operation of health care sharing ministries; authorizing a fee; providing an administrative penalty.), As Introduced
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB573 by Oliverson (Relating to the operation of health care sharing ministries; authorizing a fee; providing an administrative penalty.), As Introduced
Honorable Tom Oliverson, Chair, House Committee on Insurance
Honorable Tom Oliverson, Chair, House Committee on Insurance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB573 by Oliverson (Relating to the operation of health care sharing ministries; authorizing a fee; providing an administrative penalty.), As Introduced
HB573 by Oliverson (Relating to the operation of health care sharing ministries; authorizing a fee; providing an administrative penalty.), 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 the operation, registration, and regulation of health care sharing ministries, including authorization of an administrative fee and providing for an administrative penalty. Based on information provided by the Texas Department of Insurance, this analysis assumes that the 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 the operation, registration, and regulation of health care sharing ministries, including authorization of an administrative fee and providing for an administrative penalty. Based on information provided by the Texas Department of Insurance, this analysis assumes that the 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: b > td > 304 Comptroller of Public Accounts, 454 Department of Insurance
304 Comptroller of Public Accounts, 454 Department of Insurance
LBB Staff: b > td > JMc, AAL, MB, MPuk
JMc, AAL, MB, MPuk