LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

March 30, 2003

TO:	Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HB1262 by Castro (Relating to certain claims settlement practices under a motor vehicle insurance policy; imposing penalties.), As Introduced

No significant fiscal implication to the State is anticipated.

The Department of Insurance would be required to draft rules and participate in hearings.  According to the agency, any additional work could be absorbed within current resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	454 Department of Insurance
LBB Staff:	JK, JRO, RT, RB