LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 22, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2651 by Smithee (Relating to certain education requirements for insurance agents who sell annuities.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to change the continuing education requirements for insurance agents that sell annuities and to require the Texas Department of Insurance (TDI) to adopt rules regarding the education requirements. TDI indicates that it could absorb the costs associated with the bill within its current 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
March 22, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2651 by Smithee (Relating to certain education requirements for insurance agents who sell annuities.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2651 by Smithee (Relating to certain education requirements for insurance agents who sell annuities.), 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
HB2651 by Smithee (Relating to certain education requirements for insurance agents who sell annuities.), As Introduced
HB2651 by Smithee (Relating to certain education requirements for insurance agents who sell annuities.), 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 change the continuing education requirements for insurance agents that sell annuities and to require the Texas Department of Insurance (TDI) to adopt rules regarding the education requirements. TDI indicates that it could absorb the costs associated with the bill within its current resources.
The bill would amend the Insurance Code to change the continuing education requirements for insurance agents that sell annuities and to require the Texas Department of Insurance (TDI) to adopt rules regarding the education requirements. TDI indicates that it could absorb the costs associated with the bill within its current 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