LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 15, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2163 by Eiland (Relating to an annual assessment on insurers for the examination of insurers; imposing an assessment.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to an annual assessment on insurers for the examination of insurers; imposing an assessment. Based on information provided by TDI, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources. Also, this analysis assumes that since General Revenue-Dedicated Texas Department of Insurance Fund 36 is a self-leveling account, any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and that the department would adjust the assessment of the maintenance tax or other fees accordingly in the following year. Based on information provided by the Comptroller of Public Accounts, the bill would have no fiscal impact to the state. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance, 304 Comptroller of Public Accounts LBB Staff: UP, RB, ER, AG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 15, 2013
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2163 by Eiland (Relating to an annual assessment on insurers for the examination of insurers; imposing an assessment.), As Engrossed
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2163 by Eiland (Relating to an annual assessment on insurers for the examination of insurers; imposing an assessment.), As Engrossed
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2163 by Eiland (Relating to an annual assessment on insurers for the examination of insurers; imposing an assessment.), As Engrossed
HB2163 by Eiland (Relating to an annual assessment on insurers for the examination of insurers; imposing an assessment.), 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 an annual assessment on insurers for the examination of insurers; imposing an assessment. Based on information provided by TDI, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources. Also, this analysis assumes that since General Revenue-Dedicated Texas Department of Insurance Fund 36 is a self-leveling account, any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and that the department would adjust the assessment of the maintenance tax or other fees accordingly in the following year. Based on information provided by the Comptroller of Public Accounts, the bill would have no fiscal impact to the state.
The bill would amend the Insurance Code relating to an annual assessment on insurers for the examination of insurers; imposing an assessment.
Based on information provided by TDI, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources. Also, this analysis assumes that since General Revenue-Dedicated Texas Department of Insurance Fund 36 is a self-leveling account, any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and that the department would adjust the assessment of the maintenance tax or other fees accordingly in the following year.
Based on information provided by the Comptroller of Public Accounts, the bill would have no fiscal impact to the state.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance, 304 Comptroller of Public Accounts
454 Department of Insurance, 304 Comptroller of Public Accounts
LBB Staff: UP, RB, ER, AG
UP, RB, ER, AG