Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB2449 by Eiland (Relating to requirements for county mutual insurance companies.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code to state requirements for county mutual insurance companies and would require the Texas Department of Insurance (TDI) to adopt rules to implement the bill. TDI indicates it could absorb the costs associated with the bill within its current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.