Bill: HB 3803, 85(R) - 2017
Committee
House Insurance
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Author(s)
Wayne Faircloth
Bill Caption
Relating to certain authorized investments for domestic life, health, and accident insurers.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
HB 3808 would change the conditions of secured obligations. There would be new exceptions to restrictions on the term of an obligation and installments of payments. Property insurance would not be required if the borrower maintains a net worth of at least five times the amount of the indebtedness or $100 million, and meets other conditions.
Vote Recommendation Notes
HB 3803 does not appear to have a connection to our liberty principles, therefore we remain neutral.
