LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 4, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1655 by Watson (Relating to the transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints. Based on the analysis by the Texas Department of Insurance and the Office of Public Insurance Counsel, it is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:359 Office of Public Insurance Counsel, 454 Department of Insurance LBB Staff: JOB, AG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 4, 2011
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1655 by Watson (Relating to the transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1655 by Watson (Relating to the transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), As Introduced
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Honorable John Carona, Chair, Senate Committee on Business & Commerce
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB1655 by Watson (Relating to the transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), As Introduced
SB1655 by Watson (Relating to the transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), 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 transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints. Based on the analysis by the Texas Department of Insurance and the Office of Public Insurance Counsel, it is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 359 Office of Public Insurance Counsel, 454 Department of Insurance
359 Office of Public Insurance Counsel, 454 Department of Insurance
LBB Staff: JOB, AG, CH
JOB, AG, CH