LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

February 20, 2005

TO:	Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB23 by Brown, Fred (Relating to the use of credit scoring in certain lines of personal insurance.), As Introduced

No significant fiscal implication to the State is anticipated.

Based on the analysis of the Texas Deparment of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.  The bill would prohibit the use of credit information for insurance underwriting and rating in Texas.

This bill would take effect September 1, 2005.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

359 Office of Public Insurance Counsel, 454 Department of Insurance

LBB Staff:

JOB, JRO, MW, NV