LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 9, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1761 by Thompson (Relating to the reserve requirements for credit life and credit accident and health insurance.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the reserve requirements for credit life and credit accident and health insurance. Implementing the requirements of the bill would require Department of Insurance (TDI) to review administrative rules to ensure compliance with statute. Based on the information provided by TDI , it is assumed that costs associated with implementing the provisions of the bill could be absorbed within existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, KJG, MW, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 9, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1761 by Thompson (Relating to the reserve requirements for credit life and credit accident and health insurance.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1761 by Thompson (Relating to the reserve requirements for credit life and credit accident and health insurance.), 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
HB1761 by Thompson (Relating to the reserve requirements for credit life and credit accident and health insurance.), As Introduced
HB1761 by Thompson (Relating to the reserve requirements for credit life and credit accident and health insurance.), 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 reserve requirements for credit life and credit accident and health insurance. Implementing the requirements of the bill would require Department of Insurance (TDI) to review administrative rules to ensure compliance with statute. Based on the information provided by TDI , it is assumed that costs associated with implementing the provisions of the bill could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: JOB, KJG, MW, CH
JOB, KJG, MW, CH