LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 26, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2136 by Eltife (Relating to provision of surplus lines insurance.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to provisions of surplus lines insurance and would require the Texas Department of Insurance (TDI) by order to declare eligible surplus lines. Based on analysis provided by TDI, 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, JRO, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 26, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2136 by Eltife (Relating to provision of surplus lines insurance.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB2136 by Eltife (Relating to provision of surplus lines insurance.), As Introduced
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
SB2136 by Eltife (Relating to provision of surplus lines insurance.), As Introduced
SB2136 by Eltife (Relating to provision of surplus lines insurance.), 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 relating to provisions of surplus lines insurance and would require the Texas Department of Insurance (TDI) by order to declare eligible surplus lines. Based on analysis provided by TDI, any costs associated with the implementation of this bill could be absorbed within existing resources.
The bill would amend the Insurance Code relating to provisions of surplus lines insurance and would require the Texas Department of Insurance (TDI) by order to declare eligible surplus lines. Based on analysis provided by TDI, 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, JRO, CH
JOB, JRO, CH