Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB2569 by Hancock (Relating to a specialty insurance agent license for certain vendors of portable electronic devices.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code to clarify the specialty insurance agent license for certain vendors of portable electronic devices. The Texas Department of Insurance (TDI) currently does issue this type of license and would need to amend the agency's rules to comply with the changes in statute. TDI indicates that any costs associated with the bill could be absorbed within the agency's existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.