LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 4, 2015 TO: Honorable John Frullo, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB667 by Eltife (Relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.Based on information provided by the Texas Department of Insurance (TDI), it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished 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, AG, CL, ER, NHe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 4, 2015
TO: Honorable John Frullo, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB667 by Eltife (Relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.), As Engrossed
TO: Honorable John Frullo, Chair, House Committee on Insurance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB667 by Eltife (Relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.), As Engrossed
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
SB667 by Eltife (Relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.), As Engrossed
SB667 by Eltife (Relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.), As Engrossed
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 reinsurance, distributions, and pooling arrangements by captive insurance companies.Based on information provided by the Texas Department of Insurance (TDI), it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished 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, AG, CL, ER, NHe
UP, AG, CL, ER, NHe