Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB3978 by Hunter (Relating to provision of surplus lines insurance.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to surplus lines insurance. Based on the analysis by the Texas Department of Insurance, any costs associated with the implementation of the bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.