LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 19, 1995 TO: Honorable Ken Armbrister, Chair IN RE: Senate BillNo. 1365 Committee on State Affairs By: Wentworth Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 1365 (Relating to prepaid legal services contracts.) this office has determined the following: The bill would amend the Insurance Code to remove the authority of the Insurance Commissioner to approve rates charged for prepaid legal services and to require that such rates are only filed with the Department of Insurance. Implementation of the bill would result in no significant fiscal impacts. The department would no longer perform actuarial reviews of rates for legal services contracts. However, the change would not significantly affect agency resources because only a few companies offering prepaid legal services are currently active. No fiscal implication to units of local government is anticipated. Source: Department of Insurance LBB Staff: JK, RM, DF