LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 9, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1944 by Murphy (Relating to captive insurance companies.), As Engrossed 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, CL, CP, AG, EH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 9, 2017
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1944 by Murphy (Relating to captive insurance companies.), As Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1944 by Murphy (Relating to captive insurance companies.), As Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1944 by Murphy (Relating to captive insurance companies.), As Engrossed
HB1944 by Murphy (Relating to 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 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, CL, CP, AG, EH
UP, CL, CP, AG, EH