LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

April 26, 2005

TO:	Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB1572 by Taylor ( relating to the recovery of certain costs and payments relating to losses covered by personal automobile insurance.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to the recovery of certain costs and payments relating to losses covered by personal automobile insurance.  The Department of Insurance anticipates any additional work resulting from the passage of the bill could be absorbed within the agency's 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:

359 Office of Public Insurance Counsel, 454 Department of Insurance

LBB Staff:

JOB, JRO, NV