Bill: SB 1450, 85(R) - 2017

Committee

Senate Business & Commerce

2nd Chamber Committee

House Insurance

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Yes Neutral Neutral Neutral Positive 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. 

Source URL (retrieved on 03/29/2024 04:03 AM): http://reports.texasaction.com/bill/85r/sb1450?print_view=true