LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 9, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1021 by Deshotel (Relating to coverage under residential property insurance policies for certain losses incurred because of compliance with an emergency evacuation order.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to include coverage under residential property insurance policies for certain losses incurred because of compliance with an emergency evacuation order. The Texas Department of Insurance (TDI) would need to update its rules to comply with the bill's requirements. Additionally, insurers would be file amended forms with the agency to note the change in coverage. Based on the analysis provided by TDI, any costs associated with the implementation of this bill could be absorbed within existing agency resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, KJG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 9, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1021 by Deshotel (Relating to coverage under residential property insurance policies for certain losses incurred because of compliance with an emergency evacuation order.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1021 by Deshotel (Relating to coverage under residential property insurance policies for certain losses incurred because of compliance with an emergency evacuation order.), As Introduced
Honorable John T. Smithee, Chair, House Committee on Insurance
Honorable John T. Smithee, Chair, House Committee on Insurance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1021 by Deshotel (Relating to coverage under residential property insurance policies for certain losses incurred because of compliance with an emergency evacuation order.), As Introduced
HB1021 by Deshotel (Relating to coverage under residential property insurance policies for certain losses incurred because of compliance with an emergency evacuation order.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code to include coverage under residential property insurance policies for certain losses incurred because of compliance with an emergency evacuation order. The Texas Department of Insurance (TDI) would need to update its rules to comply with the bill's requirements. Additionally, insurers would be file amended forms with the agency to note the change in coverage. Based on the analysis provided by TDI, any costs associated with the implementation of this bill could be absorbed within existing agency resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: JOB, KJG, CH
JOB, KJG, CH