| TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HB3265 by Eiland (Relating to dispute resolution and insurance policies or other coverage agreements.), As Introduced |
The bill would amend the Insurance Code relating to dispute resolution and insurance policies or other coverage agreements.
Based on the analysis of the Texas Department of Insurance (TDI), it is assumed that there would be a one-time revenue gain of $3,700 in the General Revenue Dedicated Account Fund 36 in fiscal year 2008 because the bill would result in 37 filings, each accompanied by a $100 filing fee. Since General Revenue Dedicated Account Fund 36 is a self-leveling account, this analysis assumes all revenue generated would go toward fund balances or the maintenance tax would be set to recover a lower level of revenue the following year. It is also assumed that any costs realized by TDI from implementing the provisions of the bill could be absorbed within existing resources.
The bill would take effect September 1, 2007.
| Source Agencies: | 454 Department of Insurance
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| LBB Staff: | JOB, JRO, MW, SK
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