LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 6, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB963 by Ellis (Relating to regulation of premium rates for long-term care insurance.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the regulation of premium rates for long-term care insurance. The bill would require the Texas Department of Insurance (TDI) to adopt rules relating to the provisions of the bill. TDI indicates that any costs associated with the implementation of the 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 6, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB963 by Ellis (Relating to regulation of premium rates for long-term care insurance.), Committee Report 2nd House, Substituted
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB963 by Ellis (Relating to regulation of premium rates for long-term care insurance.), Committee Report 2nd House, Substituted
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
SB963 by Ellis (Relating to regulation of premium rates for long-term care insurance.), Committee Report 2nd House, Substituted
SB963 by Ellis (Relating to regulation of premium rates for long-term care insurance.), Committee Report 2nd House, Substituted
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 the regulation of premium rates for long-term care insurance. The bill would require the Texas Department of Insurance (TDI) to adopt rules relating to the provisions of the bill. TDI indicates that any costs associated with the implementation of the bill could be absorbed within existing resources.
The bill would amend the Insurance Code relating to the regulation of premium rates for long-term care insurance. The bill would require the Texas Department of Insurance (TDI) to adopt rules relating to the provisions of the bill. TDI indicates that any costs associated with the implementation of the 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