LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION February 18, 2013 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB72 by Ellis (Relating to prohibition of the use of credit scoring in underwriting and rating certain personal lines of insurance coverage.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the prohibition of the use of credit scoring in underwriting and rating certain personal lines of insurance coverage. Based on analysis by the Texas Department of Insurance, it is assumed that the 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 18, 2013
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB72 by Ellis (Relating to prohibition of the use of credit scoring in underwriting and rating certain personal lines of insurance coverage.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB72 by Ellis (Relating to prohibition of the use of credit scoring in underwriting and rating certain personal lines of insurance coverage.), 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
SB72 by Ellis (Relating to prohibition of the use of credit scoring in underwriting and rating certain personal lines of insurance coverage.), As Introduced
SB72 by Ellis (Relating to prohibition of the use of credit scoring in underwriting and rating certain personal lines of insurance coverage.), 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 prohibition of the use of credit scoring in underwriting and rating certain personal lines of insurance coverage. Based on analysis by the Texas Department of Insurance, it is assumed that the 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