Bill: SB 1012, 85(R) - 2017
Committee
Senate Business & Commerce
Companion Bill
HB 2665
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Yes |
Neutral |
Neutral |
Neutral |
Positive |
Neutral |
Author(s)
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
USAA
