LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 5, 2011 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1431 by Carona (Relating to the functions of insurance holding company systems.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the functions of insurance holding company systems. Based on the analysis provided by the Texas Department of Insurance, it is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing agency resources. Based on the analysis provided by the Office of the Attorney General, the bill will have no fiscal impact on the agency. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General, 454 Department of Insurance LBB Staff: JOB, KJG, AG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 5, 2011
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1431 by Carona (Relating to the functions of insurance holding company systems.), As Engrossed
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1431 by Carona (Relating to the functions of insurance holding company systems.), 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
SB1431 by Carona (Relating to the functions of insurance holding company systems.), As Engrossed
SB1431 by Carona (Relating to the functions of insurance holding company systems.), 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 relating to the functions of insurance holding company systems. Based on the analysis provided by the Texas Department of Insurance, it is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing agency resources. Based on the analysis provided by the Office of the Attorney General, the bill will have no fiscal impact on the agency.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General, 454 Department of Insurance
302 Office of the Attorney General, 454 Department of Insurance
LBB Staff: JOB, KJG, AG, CH
JOB, KJG, AG, CH