Honorable Joe Straus, Speaker of the House, House of Representatives
Ursula Parks, Director, Legislative Budget Board
HB2645 by Turner, Chris (Relating to certification and operation of independent review organizations.), As Passed 2nd House
The bill would amend the Insurance Code relating to certification and operation of independent review organizations. The bill would change the certification requirements for independent review organizations and require the Commissioner of Insurance to appoint an advisory committee to advise the Texas Department of Insurance (TDI) on changes to be made to the rules and processes, at a minimum of once a year.
Based on information provided by TDI, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources. Also, based on information provided by TDI, this analysis assumes that implementation of the bill would result in a net revenue gain of $23,400 annually in General Revenue-Dedicated Texas Department of Insurance Fund 36 from certification fees. Since General Revenue-Dedicated Texas Department of Insurance Fund 36 is a self-leveling account, this analysis also assumes that any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and that the department would adjust the assessment of the maintenance tax or other fees accordingly in the following year.
454 Department of Insurance
UP, SD, AG, ER