LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 13, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3855 by Eiland (Relating to the reporting of information to the Texas Department of Insurance by certain insurance carriers.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to require certain insurance carriers to report information to the Texas Department of Insurance (TDI). The bill would require TDI to post the information from the reports on the agency's website and to operate a toll-free telephone hotline to respond to consumer inquiries concerning professional liability insurance. Additionally, the bill would require TDI to adopt rules to implement the provisions of the bill. 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 13, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3855 by Eiland (Relating to the reporting of information to the Texas Department of Insurance by certain insurance carriers.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3855 by Eiland (Relating to the reporting of information to the Texas Department of Insurance by certain insurance carriers.), 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
HB3855 by Eiland (Relating to the reporting of information to the Texas Department of Insurance by certain insurance carriers.), As Introduced
HB3855 by Eiland (Relating to the reporting of information to the Texas Department of Insurance by certain insurance carriers.), 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 require certain insurance carriers to report information to the Texas Department of Insurance (TDI). The bill would require TDI to post the information from the reports on the agency's website and to operate a toll-free telephone hotline to respond to consumer inquiries concerning professional liability insurance. Additionally, the bill would require TDI to adopt rules to implement the provisions of the bill. Based on analysis provided by TDI, any costs associated with the implementation of this bill could be absorbed within existing agency resources.
The bill would amend the Insurance Code to require certain insurance carriers to report information to the Texas Department of Insurance (TDI). The bill would require TDI to post the information from the reports on the agency's website and to operate a toll-free telephone hotline to respond to consumer inquiries concerning professional liability insurance. Additionally, the bill would require TDI to adopt rules to implement the provisions of the bill. 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