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:	HB765 by Menendez (Relating to required minimum annual policy limits for certain group accident and health insurance policies.), As Introduced

No significant fiscal implication to the State is anticipated.

This bill would amend the Insurance Code relating to the required minimum annual policy limits for certain group accident and health insurance policies.  The Texas Department of Insurance assumes that all necessary rules would be adopted and anticipates that any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.

This bill would take effect September 1, 2005.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

454 Department of Insurance

LBB Staff:

JOB, JRO, MW, NV