LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION January 31, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB112 by Lucio (Relating to a requirement for and the contents of a declarations page required for certain standard insurance policy forms for residential property insurance.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the requirement for and contents of a declaration page for certain insurance policy forms for residential property insurance. Based on 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 significant fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, RB, MW, ER
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
January 31, 2013
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB112 by Lucio (Relating to a requirement for and the contents of a declarations page required for certain standard insurance policy forms for residential property insurance.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB112 by Lucio (Relating to a requirement for and the contents of a declarations page required for certain standard insurance policy forms for residential property insurance.), As Introduced
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
SB112 by Lucio (Relating to a requirement for and the contents of a declarations page required for certain standard insurance policy forms for residential property insurance.), As Introduced
SB112 by Lucio (Relating to a requirement for and the contents of a declarations page required for certain standard insurance policy forms for residential property insurance.), 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 requirement for and contents of a declaration page for certain insurance policy forms for residential property insurance. Based on 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 significant fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: UP, RB, MW, ER
UP, RB, MW, ER