Bill

SB 1153

86(R) - 2019
Senate Business & Commerce
House Insurance
Senate Business & Commerce
House Insurance

Contact the Author

Kelly Hancock

Phone:

512-463-0109

Capitol Office:

4E.2

Email:

Vote Recommendation

Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral

Author(s)

Kelly Hancock

Sponsor(s)

John Smithee

Bill Caption

Relating to the Texas Life and Health Insurance Guaranty Association.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

SB 1153 amends the Life and Health Insurance Guaranty Association Act to add Health Maintenance Organizations (HMOs) as member insurers. It would also make several additional changes, such as providing for coverage of HMO enrollees and allocating the assessment of long-term care insolvencies equally between life and health insurers. 

Vote Recommendation Notes

The entire premise of a guaranty association is to provide a safety net for those covered by bankrupt insurance agencies. The fact that this organization is codified in state law potentially puts Texas tax payers on the hook if the Association were unable to meet it obligations. 

However, since the organization exists, modernizing it and updating responsible changes should be done. 

Texas Action is neutral on SB 1153. 

Contact the Author

Kelly Hancock

Phone:

512-463-0109

Capitol Office:

4E.2

Email: