TO: | Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB2614 by Eiland (Relating to the applicability of certain insurance laws to Lloyd's plans and reciprocal and interinsurance exchanges.), As Engrossed |
The bill would amend the Insurance Code relating to the applicability of certain insurance laws to Lloyd's plans and reciprocal and interinsurance exchanges. Based on the analysis of the Department of Insurance, it is assumed 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.
Source Agencies: | 454 Department of Insurance
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LBB Staff: | JOB, DLBa, JRO, NV
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