HB 3514

84(R) - 2015
House Insurance
House Insurance

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Sergio Munoz Jr.

Bill Caption

Relating to the acquisition of control of insurance companies.

Fiscal Notes

No fiscal implication to the State is anticipated.

Bill Analysis

HB 3514 would amend Section 853.154 (Requirements for Acquisition or Exercise of Control or Divestiture of Domestic Insurer) of the Insurance Code.  Currently, a person or entity must provide a notice or statement to the commissioner of insurance regarding the acquisition, change of control, or divestiture of a domestic insurer. HB 3514 would require this notice or statement to be public information subject to Chapter 552 of the Government Code.   

Vote Recommendation Notes

We stand neutral on HB 3514 because while it does not completely protect the privacy of a Texas insurer, Chapter 552 of the Government Code provides more disclosure protections for it while still under the purview of public information.  

Organizations Supporting

National Association of Mutual Insurance Companies
Property Casualty Insurers Association of America
Texas Association of Health Plans
Texas Association of Life & Health Insurers (Talhi)
Texas Coalition for Affordable Insurance Solutions