LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 9, 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 transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), Committee Report 1st House, Substituted 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. It is assumed that all duties and responsibilities associated with the Texas Department of Insurance and the Office of Public Insurance Counsel implementing the provisions of the bill could be accomplished by utilizing existing agency resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance, 359 Office of Public Insurance Counsel LBB Staff: JOB, AG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 9, 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 transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), Committee Report 1st House, Substituted
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 transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), Committee Report 1st House, Substituted
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 transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), Committee Report 1st House, Substituted
SB1655 by Watson (Relating to transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints.), Committee Report 1st 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 transparency and propagation of information regarding personal automobile and residential property insurance rates, policies, and complaints. It is assumed that all duties and responsibilities associated with the Texas Department of Insurance and the Office of Public Insurance Counsel implementing the provisions of the bill could be accomplished by utilizing existing agency resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance, 359 Office of Public Insurance Counsel
454 Department of Insurance, 359 Office of Public Insurance Counsel
LBB Staff: JOB, AG, CH
JOB, AG, CH