LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 21, 1995 TO: Honorable John Smithee, Chair IN RE: House Bill No. 2793 Committee on Insurance By: Shields House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 2793 (relating to amendments to certain provisions of the Texas Insurance Holding Company System Regulatory Act) this office has determined the following: The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would amend the Insurance Code to redefine "extraordinary" dividends to raise the threshold of insurer dividends that may be paid without prior regulatory approval. No significant fiscal implication to the State or units of local government is anticipated. Source: Department of Insurance LBB Staff: JK, RM, RR