LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 24, 2017 TO: Honorable Larry Phillips, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2150 by Davis, Yvonne (Relating to reporting to the Texas Department of Insurance certain information related to the denial of claims by personal automobile and residential property insurers.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to reporting to the Texas Department of Insurance (TDI) certain information related to the denial of claims by personal automobile and residential property insurers. Based on information provided by TDI, this analysis assumes the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. The bill would take effect on September 1, 2017. The Commissioner of Insurance would be required to adopt rules to implement the provisions of the bill no later than December 31, 2017. The rules must require that an insurer submit the initial report no later than the 60th day after the effective date of the rules. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, AG, CP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 24, 2017
TO: Honorable Larry Phillips, Chair, House Committee on Insurance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2150 by Davis, Yvonne (Relating to reporting to the Texas Department of Insurance certain information related to the denial of claims by personal automobile and residential property insurers.), As Introduced
TO: Honorable Larry Phillips, Chair, House Committee on Insurance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2150 by Davis, Yvonne (Relating to reporting to the Texas Department of Insurance certain information related to the denial of claims by personal automobile and residential property insurers.), As Introduced
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
HB2150 by Davis, Yvonne (Relating to reporting to the Texas Department of Insurance certain information related to the denial of claims by personal automobile and residential property insurers.), As Introduced
HB2150 by Davis, Yvonne (Relating to reporting to the Texas Department of Insurance certain information related to the denial of claims by personal automobile and residential property insurers.), As Introduced
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 reporting to the Texas Department of Insurance (TDI) certain information related to the denial of claims by personal automobile and residential property insurers. Based on information provided by TDI, this analysis assumes the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. The bill would take effect on September 1, 2017. The Commissioner of Insurance would be required to adopt rules to implement the provisions of the bill no later than December 31, 2017. The rules must require that an insurer submit the initial report no later than the 60th day after the effective date of the rules.
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, CP
UP, AG, CP