Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB3994 by Hunter (Relating to insurance agent licenses issued to certain foreign corporations and partnerships.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code regarding insurance agent licenses issued to certain foreign corporations and partnerships. Based on analysis provided by the Texas Department of Insurance, any costs associated with implementing the provisions of the bill could be absorbed within existing agency resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.