Bill
SB 1072
85(R) - 2017
Senate Business & Commerce
Senate Business & Commerce
Courts
Insurance
Companion Bill
HB 2437
Vote Recommendation
Yes
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Neutral
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Positive
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Neutral
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Neutral
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Neutral
Author(s)
Kelly Hancock
Bill Caption
Relating to confidentiality of reports and related information for a solvency examination of an insurance carrier.
Fiscal Notes
From the Legislative Budget Board: no significant fiscal implication to the state is anticipated.
Bill Analysis
SB 1072 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 SB 1072.
Organizations Supporting
American Insurance Association
National Association of Mutual Insurance Companies
Property Casualty Insurers Association of America
Texas Association of Life and Health Insurers
Texas Coalition for Affordable Insurance Solutions
USAA
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