Bill
HB 796
84(R) - 2015
Senate Higher Education
Senate Higher Education
Higher Education
Insurance
Vote Recommendation
Yes
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Positive
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Neutral
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Neutral
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Positive
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Neutral
Author(s)
Charlie Geren
Co-Author(s)
Eddie Lucio III
Bill Caption
Relating
to the purchase of certain insurance coverage and the performance of
related risk management services for certain university systems and the
component institutions of those systems.
Fiscal Notes
No significant fiscal implication to State or local government.
Bill Analysis
SB 796 would amend Labor Code to allow the University of Texas System and its component institutions to purchase lines of insurance from other sources instead of the State Office of Risk Management. Health and life insurance are not included.
Vote Recommendation Notes
HB 796 affirms the principles of a free market and limited government, therefore we support this legislation. By removing restrictions that compel universities to purchase certain types of insurance through the state, this allows better cost effective solutions for universities and allows them to shop around to purchase the best option. These could be potential savings that possibly would be passed on elsewhere. Overall, it positively impacts these particular principles by removing government restrictions and promoting a market based solution.