LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 20, 2017 TO: Honorable Larry Phillips, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1944 by Murphy (Relating to captive insurance companies.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to captive insurance companies. Based on information provided by the Texas Department of Insurance and Secretary of State, this analysis assumes 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:307 Secretary of State, 454 Department of Insurance LBB Staff: UP, AG, EH, CP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 20, 2017
TO: Honorable Larry Phillips, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1944 by Murphy (Relating to captive insurance companies.), Committee Report 1st House, Substituted
TO: Honorable Larry Phillips, Chair, House Committee on Insurance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1944 by Murphy (Relating to captive insurance companies.), Committee Report 1st House, Substituted
Honorable Larry Phillips, Chair, House Committee on Insurance
Honorable Larry Phillips, Chair, House Committee on Insurance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1944 by Murphy (Relating to captive insurance companies.), Committee Report 1st House, Substituted
HB1944 by Murphy (Relating to captive insurance companies.), 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 captive insurance companies. Based on information provided by the Texas Department of Insurance and Secretary of State, this analysis assumes 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: 307 Secretary of State, 454 Department of Insurance
307 Secretary of State, 454 Department of Insurance
LBB Staff: UP, AG, EH, CP
UP, AG, EH, CP