LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 1, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB698 by Ellis (Relating to the establishment of a registry at the Texas Department of Insurance of certain legal entities determined to have sold race-based insurance coverage.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to require the Texas Department of Insurance (TDI) to create a registry of certain legal entities determined to have sold race-based insurance coverage. The bill would require TDI to determine the manner in which to collect information from the specified legal entities to create the registry, develop the registry, and pass rules regarding the provisions of this bill. Based on information provided by TDI, it is assumed that costs associated with the implementation of the bill could be absorbed within the agency's 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, MW, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 1, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB698 by Ellis (Relating to the establishment of a registry at the Texas Department of Insurance of certain legal entities determined to have sold race-based insurance coverage.), As Engrossed
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB698 by Ellis (Relating to the establishment of a registry at the Texas Department of Insurance of certain legal entities determined to have sold race-based insurance coverage.), 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
SB698 by Ellis (Relating to the establishment of a registry at the Texas Department of Insurance of certain legal entities determined to have sold race-based insurance coverage.), As Engrossed
SB698 by Ellis (Relating to the establishment of a registry at the Texas Department of Insurance of certain legal entities determined to have sold race-based insurance coverage.), 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 require the Texas Department of Insurance (TDI) to create a registry of certain legal entities determined to have sold race-based insurance coverage. The bill would require TDI to determine the manner in which to collect information from the specified legal entities to create the registry, develop the registry, and pass rules regarding the provisions of this bill. Based on information provided by TDI, it is assumed that costs associated with the implementation of the bill could be absorbed within the agency's current resources.
The bill would amend the Insurance Code to require the Texas Department of Insurance (TDI) to create a registry of certain legal entities determined to have sold race-based insurance coverage. The bill would require TDI to determine the manner in which to collect information from the specified legal entities to create the registry, develop the registry, and pass rules regarding the provisions of this bill.
Based on information provided by TDI, it is assumed that costs associated with the implementation of the bill could be absorbed within the agency's 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, MW, CH
JOB, KJG, MW, CH