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:SB95 by Lucio (Relating to the use by insurers of certain standard insurance policy forms for residential property insurance.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to required use by insurers of certain standard insurance policy forms for residential property insurance. Based on the analysis by the Texas Department of Insurance, it is assumed that 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, KJG, AG, MW, 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:SB95 by Lucio (Relating to the use by insurers of certain standard insurance policy forms for residential property insurance.), As Engrossed
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB95 by Lucio (Relating to the use by insurers of certain standard insurance policy forms for residential property insurance.), 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
SB95 by Lucio (Relating to the use by insurers of certain standard insurance policy forms for residential property insurance.), As Engrossed
SB95 by Lucio (Relating to the use by insurers of certain standard insurance policy forms for residential property insurance.), 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 required use by insurers of certain standard insurance policy forms for residential property insurance. Based on the analysis by the Texas Department of Insurance, it is assumed that 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, KJG, AG, MW, CH
JOB, KJG, AG, MW, CH