SB 1012

85(R) - 2017
Senate Business & Commerce
Senate Business & Commerce

Companion Bill

HB 2665

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Positive
  • Neutral


Brandon Creighton

Bill Caption

Relating to notification by an insurer of certain disciplinary actions imposed on the insurer for a violation of the insurance laws of another state.

Fiscal Notes

From the Legislative Budget Board: no significant fiscal implication to the state is anticipated.

Bill Analysis

SB 1012 would amend the Insurance Code to abolish the requirement that insurers notify and deliver any applicable order or judgement to the Insurance Commissioner of the imposition of a penalty, forfeiture, or sanction on the insurer for a violation of an insurance law in another state.

Vote Recommendation Notes

This bill enhances our limited government principle by eliminating a reporting requirement that has nothing to do with an insurer's business in this state. We support SB 1012.

Organizations Supporting

Farmers Insurance
Liberty Mutual 
National Association of Mutual Insurance Companies
State Farm 
Texas Coalition for Affordable Insurance Solutions