Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB4338 by Smithee (Relating to insolvency requirements regarding title insurance agents.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to insolvency requirements regarding title insurance agents and the confidentiality of title insurance files. The bill would require the Texas Department of Insurance (TDI) to adopt rules to implement the provisions of the bill. TDI indicates that any costs associated with the bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.