LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 23, 2015 TO: Honorable John Frullo, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3980 by Frullo (Relating to requiring a coverage summary or other informational material to accompany certain insurance policies; adding a provision that may be subject to a criminal penalty.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to requiring a coverage summary or other informational material to accompany certain insurance policies; adding a provision that may be subject to a criminal penalty.Based on information provided by the Texas Department of Insurance, it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished utilizing existing staff and resources.The bill takes effect September 1, 2016. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, ER, AG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 23, 2015
TO: Honorable John Frullo, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3980 by Frullo (Relating to requiring a coverage summary or other informational material to accompany certain insurance policies; adding a provision that may be subject to a criminal penalty.), Committee Report 1st House, Substituted
TO: Honorable John Frullo, Chair, House Committee on Insurance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3980 by Frullo (Relating to requiring a coverage summary or other informational material to accompany certain insurance policies; adding a provision that may be subject to a criminal penalty.), Committee Report 1st House, Substituted
Honorable John Frullo, Chair, House Committee on Insurance
Honorable John Frullo, Chair, House Committee on Insurance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3980 by Frullo (Relating to requiring a coverage summary or other informational material to accompany certain insurance policies; adding a provision that may be subject to a criminal penalty.), Committee Report 1st House, Substituted
HB3980 by Frullo (Relating to requiring a coverage summary or other informational material to accompany certain insurance policies; adding a provision that may be subject to a criminal penalty.), 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 requiring a coverage summary or other informational material to accompany certain insurance policies; adding a provision that may be subject to a criminal penalty.Based on information provided by the Texas Department of Insurance, it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished utilizing existing staff and resources.The bill takes effect September 1, 2016.
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, ER, AG
UP, ER, AG