LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION February 12, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB183 by Carona (Relating to certain inquiries made by the Texas Department of Insurance to insurers.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to certain inquiries made by the Texas Department of Insurance (TDI) to insurers. The bill would require TDI to provide a 10-day extension to respond to the inquiry to any person requesting an extenstion in writing within the allowable time frame. The bill would further require TDI to maintain a record of all inquiries made by the department. Based on analysis by TDI, 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: UP, RB, MW, ER
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
February 12, 2013
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB183 by Carona (Relating to certain inquiries made by the Texas Department of Insurance to insurers.), Committee Report 1st House, Substituted
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB183 by Carona (Relating to certain inquiries made by the Texas Department of Insurance to insurers.), Committee Report 1st House, Substituted
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
SB183 by Carona (Relating to certain inquiries made by the Texas Department of Insurance to insurers.), Committee Report 1st House, Substituted
SB183 by Carona (Relating to certain inquiries made by the Texas Department of Insurance to insurers.), 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 certain inquiries made by the Texas Department of Insurance (TDI) to insurers. The bill would require TDI to provide a 10-day extension to respond to the inquiry to any person requesting an extenstion in writing within the allowable time frame. The bill would further require TDI to maintain a record of all inquiries made by the department. Based on analysis by TDI, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would amend the Insurance Code relating to certain inquiries made by the Texas Department of Insurance (TDI) to insurers. The bill would require TDI to provide a 10-day extension to respond to the inquiry to any person requesting an extenstion in writing within the allowable time frame. The bill would further require TDI to maintain a record of all inquiries made by the department.
Based on analysis by TDI, 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: UP, RB, MW, ER
UP, RB, MW, ER