LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 18, 2011 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1950 by Taylor, Larry (Relating to the continuation and operation of the office of public insurance counsel.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the continuation and operation of the Office of Public Insurance Counsel (OPIC). OPIC is subject to the Sunset Act and will be abolished on September 1, 2011, unless continued by the Legislature. The bill would continue OPIC for 12 years and would take effect on September 1, 2011. The bill would also require OPIC to develop and encourage the use of appropriate aleternative dispute resolution procedures. Based on the analysis provided by OPIC and the Sunset Commission, any costs associated with the implementation of the bill could be absorbed within OPIC's existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:116 Sunset Advisory Commission, 359 Office of Public Insurance Counsel LBB Staff: JOB, KJG, MW, CH, KM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 18, 2011
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1950 by Taylor, Larry (Relating to the continuation and operation of the office of public insurance counsel.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB1950 by Taylor, Larry (Relating to the continuation and operation of the office of public insurance counsel.), As Introduced
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
HB1950 by Taylor, Larry (Relating to the continuation and operation of the office of public insurance counsel.), As Introduced
HB1950 by Taylor, Larry (Relating to the continuation and operation of the office of public insurance counsel.), 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 the continuation and operation of the Office of Public Insurance Counsel (OPIC). OPIC is subject to the Sunset Act and will be abolished on September 1, 2011, unless continued by the Legislature. The bill would continue OPIC for 12 years and would take effect on September 1, 2011. The bill would also require OPIC to develop and encourage the use of appropriate aleternative dispute resolution procedures. Based on the analysis provided by OPIC and the Sunset Commission, any costs associated with the implementation of the bill could be absorbed within OPIC's existing resources.
The bill would amend the Insurance Code relating to the continuation and operation of the Office of Public Insurance Counsel (OPIC). OPIC is subject to the Sunset Act and will be abolished on September 1, 2011, unless continued by the Legislature. The bill would continue OPIC for 12 years and would take effect on September 1, 2011. The bill would also require OPIC to develop and encourage the use of appropriate aleternative dispute resolution procedures.
Based on the analysis provided by OPIC and the Sunset Commission, any costs associated with the implementation of the bill could be absorbed within OPIC's existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 116 Sunset Advisory Commission, 359 Office of Public Insurance Counsel
116 Sunset Advisory Commission, 359 Office of Public Insurance Counsel
LBB Staff: JOB, KJG, MW, CH, KM
JOB, KJG, MW, CH, KM