LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 13, 2013 TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB852 by Taylor (Relating to availability of certain property and casualty insurance forms.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to the availability of certain property and casualty insurance forms. The bill would allow an insurer to make a specimen policy, standardized form, available to an insured for a personal automobile, commercial automobile, inland marine, or residential property policy by posting a specimen policy on the insurer's Internet website and providing an electronic copy to the Texas Department of Insurance (TDI) and the Office of Public Insurance Counsel (OPIC) that may be posted on the agencies' websites. Based on information provided by the TDI and OPIC, 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: LBB Staff: UP, RB, ER, LXH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 13, 2013
TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB852 by Taylor (Relating to availability of certain property and casualty insurance forms.), Committee Report 1st House, Substituted
TO: Honorable John Carona, Chair, Senate Committee On Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB852 by Taylor (Relating to availability of certain property and casualty insurance forms.), 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
SB852 by Taylor (Relating to availability of certain property and casualty insurance forms.), Committee Report 1st House, Substituted
SB852 by Taylor (Relating to availability of certain property and casualty insurance forms.), 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 the availability of certain property and casualty insurance forms. The bill would allow an insurer to make a specimen policy, standardized form, available to an insured for a personal automobile, commercial automobile, inland marine, or residential property policy by posting a specimen policy on the insurer's Internet website and providing an electronic copy to the Texas Department of Insurance (TDI) and the Office of Public Insurance Counsel (OPIC) that may be posted on the agencies' websites. Based on information provided by the TDI and OPIC, 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:
LBB Staff: UP, RB, ER, LXH
UP, RB, ER, LXH