LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 18, 2013 TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB733 by Carona (Relating to the Texas Automobile Insurance Plan Association.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the Texas Automobile Insurance Plan Association (TAIPA). The bill would allow TAIPA to meet by telephone conference call, videoconference, or other similar telecommunication method for any meeting purpose. The bill would also no longer require TAIPA to annually file rates for insurance provided through the association, but would still require approval of filed rates by the insurance commissioner. Based on information provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill could be absorbed within existing staff and resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, RB, ER, LXH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 18, 2013
TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB733 by Carona (Relating to the Texas Automobile Insurance Plan Association.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB733 by Carona (Relating to the Texas Automobile Insurance Plan Association.), 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
SB733 by Carona (Relating to the Texas Automobile Insurance Plan Association.), As Introduced
SB733 by Carona (Relating to the Texas Automobile Insurance Plan Association.), 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 Texas Automobile Insurance Plan Association (TAIPA). The bill would allow TAIPA to meet by telephone conference call, videoconference, or other similar telecommunication method for any meeting purpose. The bill would also no longer require TAIPA to annually file rates for insurance provided through the association, but would still require approval of filed rates by the insurance commissioner. Based on information provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill could be absorbed within existing staff and 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, ER, LXH
UP, RB, ER, LXH