LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 4, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce 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.), As Engrossed 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, JRO, CH, KJG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 4, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce 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.), As Engrossed
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
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.), As Engrossed
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
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.), As Engrossed
HB1095 by Vo (Relating to the posting on the Internet of certain rate information concerning residential property insurance.), As Engrossed
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, JRO, CH, KJG
JOB, JRO, CH, KJG