LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 22, 2023 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1437 by Clardy (relating to an appraisal process for disputed losses under personal automobile or residential property insurance policies.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to an appraisal procedure for disputed losses under personal automobile insurance policies. Based on information provided by the Texas Department of Insurance and Office of Court 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 > 212 Office of Court Administration, Texas Judicial Council, 454 Department of Insurance LBB Staff: b > td > JMc, SZ, LBl, AAL
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 22, 2023
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1437 by Clardy (relating to an appraisal process for disputed losses under personal automobile or residential property insurance policies.), Committee Report 2nd House, Substituted
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1437 by Clardy (relating to an appraisal process for disputed losses under personal automobile or residential property insurance policies.), Committee Report 2nd House, Substituted
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1437 by Clardy (relating to an appraisal process for disputed losses under personal automobile or residential property insurance policies.), Committee Report 2nd House, Substituted
HB1437 by Clardy (relating to an appraisal process for disputed losses under personal automobile or residential property insurance policies.), Committee Report 2nd House, Substituted
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 an appraisal procedure for disputed losses under personal automobile insurance policies. Based on information provided by the Texas Department of Insurance and Office of Court 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 > 212 Office of Court Administration, Texas Judicial Council, 454 Department of Insurance
212 Office of Court Administration, Texas Judicial Council, 454 Department of Insurance
LBB Staff: b > td > JMc, SZ, LBl, AAL
JMc, SZ, LBl, AAL