LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 15, 2021 TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1433 by Capriglione (Relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Business & Commerce Code relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims. It is assumed that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 454 Department of Insurance LBB Staff: b > td > JMc, AAL, MB, MPuk
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 15, 2021
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1433 by Capriglione (Relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims.), As Introduced
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1433 by Capriglione (Relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims.), As Introduced
Honorable Tom Oliverson, Chair, House Committee on Insurance
Honorable Tom Oliverson, Chair, House Committee on Insurance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1433 by Capriglione (Relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims.), As Introduced
HB1433 by Capriglione (Relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims.), 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 Business & Commerce Code relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims. It is assumed that 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: b > td > 454 Department of Insurance
454 Department of Insurance
LBB Staff: b > td > JMc, AAL, MB, MPuk
JMc, AAL, MB, MPuk