TO: | Honorable Robert Duncan, Chair, Senate Committee on State Affairs |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | SB506 by Shapleigh (Relating to the sale of life insurance to military personnel.), As Introduced |
This bill would amend the Insurance Code relating to the sale of life insurance to military personnel. The Department of Insurance anticipates 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 both houses; otherwise, the bill would take effect September 1, 2005.
Source Agencies: | 454 Department of Insurance
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LBB Staff: | JOB, SR, NV
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