Bill
SB 1450
85(R) - 2017
Senate Business & Commerce
House Insurance
Senate Business & Commerce
House Insurance
Insurance
Vote Recommendation
Yes
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Neutral
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Neutral
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Neutral
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Positive
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Neutral
Author(s)
Larry Taylor
Sponsor(s)
Greg Bonnen
Bill Caption
Relating to the rulemaking authority of the commissioner of insurance with respect to certain agreements and the effect of those agreements on this state's authority to regulate insurance.
Fiscal Notes
From the LBB: no significant fiscal implication to the state is anticipated.
Bill Analysis
SB 1450 would amend the Insurance Code to prohibit the Insurance Commissioner from adopting or enforcing a rule that implements an interstate, national, or international agreement that infringes on the authority of the state to regulate insurance in the state and was not approved by the legislature.
Vote Recommendation Notes
This bill enhances our limited government principle by requiring legislative review of interstate, national, or international agreements adopted by the Insurance Commissioner that infringe on the authority of the state to regulate insurance.
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