LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

April 18, 2005

TO:	Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	SB1585 by Carona (Relating to the regulation of nonstandard rates for personal lines automobile insurance.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to the regulation of nonstandard rates for personal lines automobile insurance.  Based on the analysis of the Department of Insurance, any additional duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.

This bill would take effect September 1, 2005.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

454 Department of Insurance

LBB Staff:

JOB, JRO, NV