LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 5, 2021 TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1932 by Thompson, Senfronia (Relating to notice of available alternatives to the lapse or surrender of a life insurance policy.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to notice of available alternatives to the lapse or surrender of a life insurance policy. Based on information provided by the Texas Department of Insurance, Employees Retirement System, Texas A&M University System Administration, and UT System Administration, this analysis assumes that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 327 Employees Retirement System, 454 Department of Insurance, 710 Texas A&M Univ System Admin, 720 UT Sys Admin LBB Staff: b > td > JMc, AAL, MB, MPUK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 5, 2021
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1932 by Thompson, Senfronia (Relating to notice of available alternatives to the lapse or surrender of a life insurance policy.), As Introduced
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1932 by Thompson, Senfronia (Relating to notice of available alternatives to the lapse or surrender of a life insurance policy.), 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
HB1932 by Thompson, Senfronia (Relating to notice of available alternatives to the lapse or surrender of a life insurance policy.), As Introduced
HB1932 by Thompson, Senfronia (Relating to notice of available alternatives to the lapse or surrender of a life insurance policy.), 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 notice of available alternatives to the lapse or surrender of a life insurance policy. Based on information provided by the Texas Department of Insurance, Employees Retirement System, Texas A&M University System Administration, and UT System Administration, this analysis assumes that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 327 Employees Retirement System, 454 Department of Insurance, 710 Texas A&M Univ System Admin, 720 UT Sys Admin
327 Employees Retirement System, 454 Department of Insurance, 710 Texas A&M Univ System Admin, 720 UT Sys Admin
LBB Staff: b > td > JMc, AAL, MB, MPUK
JMc, AAL, MB, MPUK