TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB2965 by Seaman (Relating to insurance premium finance agreements.), As Introduced |
The bill would amend the Insurance Code relating to insurance premium finance agreements. Based on the analysis of the Department of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing 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
|
LBB Staff: | JOB, JRO, NV
|