LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 29, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1367 by Creighton (Relating to the modernization of regulation of commercial property and casualty insurance.), As Introduced No significant fiscal implication to the State is anticipated. Based on the analysis of the State Office of Risk Management and the Department of Insurance, any costs associated with implementation of the bill's provisions could be absorbed within existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 454 Department of Insurance, 479 State Office of Risk Management LBB Staff: b > td > JMc, SZ, LCO, SMAT
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 29, 2021
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1367 by Creighton (Relating to the modernization of regulation of commercial property and casualty insurance.), As Introduced
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1367 by Creighton (Relating to the modernization of regulation of commercial property and casualty insurance.), As Introduced
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1367 by Creighton (Relating to the modernization of regulation of commercial property and casualty insurance.), As Introduced
SB1367 by Creighton (Relating to the modernization of regulation of commercial property and casualty insurance.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Based on the analysis of the State Office of Risk Management and the Department of Insurance, any costs associated with implementation of the bill's provisions could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 454 Department of Insurance, 479 State Office of Risk Management
454 Department of Insurance, 479 State Office of Risk Management
LBB Staff: b > td > JMc, SZ, LCO, SMAT
JMc, SZ, LCO, SMAT