HB 2491

85(R) - 2017
House Insurance
House Insurance

Companion Bill

SB 1070

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


John Frullo

Bill Caption

Relating to authorized reinsurance and financial statement credit and accounting for reinsurance.  

Fiscal Notes

From the LBB: no significant fiscal implication to the state is anticipated.

Bill Analysis

HB 2491 would amend the Insurance Code to allow an insurer to provide reinsurance on any line of insurance. Next, credit would be allowed when reinsurance is ceded to an assuming insurer that meets a series of eight regulations. Associations may become certified reinsurers as well if they meet four requirements. Finally, the Commissioner of Insurance would be required to assign ratings to each certified reinsurer.  

Vote Recommendation Notes

This legislation is procedural or administrative in nature with no bearing on our liberty principles, therefore we remain neutral.  

Organizations Supporting

American Insurance Association
National Association of Mutual Insurance Companies
Texas Association of Business
Texas Association of Health Plans
Texas Association of Life and Health Insurers