LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 11, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB4358 by Smithee (Relating to rulemaking authority for administrative penalties assessed for violations of the Insurance Code.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to allow the Texas Department of Insurance to adopt rules related to the amounts of administrative penalties. The agency indicates that any costs associated with the bill could be absorbed within current resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, JRO, KJG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 11, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB4358 by Smithee (Relating to rulemaking authority for administrative penalties assessed for violations of the Insurance Code.), As Engrossed
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB4358 by Smithee (Relating to rulemaking authority for administrative penalties assessed for violations of the Insurance Code.), 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
HB4358 by Smithee (Relating to rulemaking authority for administrative penalties assessed for violations of the Insurance Code.), As Engrossed
HB4358 by Smithee (Relating to rulemaking authority for administrative penalties assessed for violations of the Insurance Code.), 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 allow the Texas Department of Insurance to adopt rules related to the amounts of administrative penalties. The agency indicates that any costs associated with the bill could be absorbed within 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, JRO, KJG, CH
JOB, JRO, KJG, CH