Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB4220 by Branch (Relating to notice given to insurance policy or certificate holders concerning certain premium taxes.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code to require a notice to be given to insurance policy or certificate holders concerning certain premium taxes. The bill would require the Texas Department of Insurance (TDI) to adopt rules to regarding this bill. Based on analysis provided by TDI, 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.