LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 17, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2641 by Kent (Relating to credit toward the deductible of certain automobile and homeowners insurance policies.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to regarding credit toward the deductible of certain automobile and homeowners insurance policies. The bill would result in the Texas Department of Insurance (TDI) reviewing rate filings for compliance, and creating a bulletin to insurers regarding the changes in law. Based on 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 17, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2641 by Kent (Relating to credit toward the deductible of certain automobile and homeowners insurance policies.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2641 by Kent (Relating to credit toward the deductible of certain automobile and homeowners insurance policies.), 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
HB2641 by Kent (Relating to credit toward the deductible of certain automobile and homeowners insurance policies.), As Introduced
HB2641 by Kent (Relating to credit toward the deductible of certain automobile and homeowners insurance policies.), 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 regarding credit toward the deductible of certain automobile and homeowners insurance policies. The bill would result in the Texas Department of Insurance (TDI) reviewing rate filings for compliance, and creating a bulletin to insurers regarding the changes in law. Based on 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