LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 16, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1095 by Vo (Relating to the posting on the Internet of certain rate information concerning residential property insurance.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to require the Texas Department of Insurance (TDI) to publish online certain rate information concerning residential property insurance. The bill authorizes TDI to pass rules regarding the implementation of the bill. TDI indicates that any costs incurred from the implementation of this bill could be absorbed within existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, CH, KJG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 16, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1095 by Vo (Relating to the posting on the Internet of certain rate information concerning residential property insurance.), Committee Report 1st House, Substituted
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1095 by Vo (Relating to the posting on the Internet of certain rate information concerning residential property insurance.), Committee Report 1st House, Substituted
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
HB1095 by Vo (Relating to the posting on the Internet of certain rate information concerning residential property insurance.), Committee Report 1st House, Substituted
HB1095 by Vo (Relating to the posting on the Internet of certain rate information concerning residential property insurance.), Committee Report 1st House, Substituted
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 require the Texas Department of Insurance (TDI) to publish online certain rate information concerning residential property insurance. The bill authorizes TDI to pass rules regarding the implementation of the bill. TDI indicates that any costs incurred from the implementation of this bill could be absorbed within existing resources.
The bill would amend the Insurance Code to require the Texas Department of Insurance (TDI) to publish online certain rate information concerning residential property insurance. The bill authorizes TDI to pass rules regarding the implementation of the bill. TDI indicates that any costs incurred from the implementation of this bill could be absorbed within existing 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, CH, KJG
JOB, CH, KJG