LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 20, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB871 by Lucio (Relating to stay of requirement to provide refunds or discounts on excessive or unfairly discriminatory residential property premium rates.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to stay of requirement to provide refunds or discounts on excessive or unfairly discriminatory residential property premium rates. Based on the analysis 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 resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, AG, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 20, 2011
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB871 by Lucio (Relating to stay of requirement to provide refunds or discounts on excessive or unfairly discriminatory residential property premium rates.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB871 by Lucio (Relating to stay of requirement to provide refunds or discounts on excessive or unfairly discriminatory residential property premium rates.), 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
SB871 by Lucio (Relating to stay of requirement to provide refunds or discounts on excessive or unfairly discriminatory residential property premium rates.), As Introduced
SB871 by Lucio (Relating to stay of requirement to provide refunds or discounts on excessive or unfairly discriminatory residential property premium rates.), 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 stay of requirement to provide refunds or discounts on excessive or unfairly discriminatory residential property premium rates. Based on the analysis 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 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, AG, CH
JOB, AG, CH