Bill: HB 2437, 85(R) - 2017
Committee
House Insurance
2nd Chamber Committee
Senate Business & Commerce
Companion Bill
SB 1072
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Yes |
Neutral |
Positive |
Neutral |
Neutral |
Neutral |
Author(s)
Larry Phillips
Sponsor(s)
Kelly Hancock
Bill Caption
Relating to confidentiality of reports and related information for a solvency examination of an insurance carrier.
Fiscal Notes
No significant fiscal implication to the state is anticipated.
Bill Analysis
HB 2437 would amend the Insurance Code to add that a final or preliminary examination report and any information obtained during a solvency examination are confidential and privileged for all purposes and not subject to a subpoena, other than a grand jury subpoena, or discovery or admissibility in evidence in a civil action.
Vote Recommendation Notes
This bill would protect the property rights of an insurance company that was the subject of a solvency report by preventing their private confidential information from being made available to their competitors. For this reason we support HB 2437.
Organizations Supporting
American Insurance Association
National Association of Mutual Insurance Companies
Texas Coalition for Affordable Insurance Solutions
USAA
