TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | SB1829 by Lucio ( relating to rate regulation of certain insurers writing personal automobile insurance.), Committee Report 2nd House, Substituted |
The bill would amend the Insurance Code relating to rate regulation of certain insurers writing personal automobile insurance. 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: | 359 Office of Public Insurance Counsel, 454 Department of Insurance
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LBB Staff: | JOB, JRO, NV
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