Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB198 by Alonzo (Relating to certain unfair practices in the settlement of insurance claims involving noneconomic damages.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to certain unfair practices in the settlement of insurance claims involving noneconomic damages. Based on the analysis by the Texas Department of Insurance, any costs associated with the implementation of this bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.