LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 11, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1109 by Jackson, Mike (Relating to the regulation of stipulated premium insurance companies.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code regarding the limits of certain life insurance coverage written by stipulated premium insurance companies. The Texas Department of Insurance indicates that any costs associated with the implementation of this bill could be absorbed within existing 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
May 11, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1109 by Jackson, Mike (Relating to the regulation of stipulated premium insurance companies.), As Engrossed
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1109 by Jackson, Mike (Relating to the regulation of stipulated premium insurance companies.), As Engrossed
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
SB1109 by Jackson, Mike (Relating to the regulation of stipulated premium insurance companies.), As Engrossed
SB1109 by Jackson, Mike (Relating to the regulation of stipulated premium insurance companies.), 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 regarding the limits of certain life insurance coverage written by stipulated premium insurance companies. The Texas Department of Insurance indicates that any costs associated with the implementation of this bill could be absorbed within existing resources.
The bill would amend the Insurance Code regarding the limits of certain life insurance coverage written by stipulated premium insurance companies. The Texas Department of Insurance indicates that any costs associated with the implementation of this bill could be absorbed within existing 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