Bill: HB 3255, 87(R) - 2021

Committee

House Insurance

Vote Recommendation

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

Author(s)

Scott Sanford

Bill Caption

Relating to capital stock requirements for certain insurance companies.

Fiscal Notes

No significant fiscal implication to the State is anticipated.


Bill Analysis

HB 3255 would modify existing law to remove the requirement for shareholders of an insurance company authorizing shares of stock without par value to in good faith subscribe and pay for shares representing at least 50 percent of the authorized shares without par value.

Vote Recommendation Notes

Texas Action supports HB 3255 because which is in alignment with our limited government and free market principles. 

Source URL (retrieved on 08/18/2025 06:08 PM): http://reports.texasaction.com/bill/87r/hb3255?print_view=true