TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB2613 by Eiland (Relating to the adoption of the Interstate Insurance Product Regulation Compact.), As Introduced |
The bill would amend the Insurance Code relating to the adoption of the Interstate Insurance Product
Regulation Compact. Based on the analysis of the Department of Insurance, any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
The bill would take effect immediately upon receiving a two-thirds majority vote in each house. If the bill does not receive a two-thirds vote in each house, the bill would take effect September 1, 2005.
Source Agencies: | 454 Department of Insurance
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LBB Staff: | JOB, JRO, NV
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