Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB4455 by Martinez Fischer (Relating to prompt payment of insurance claims.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the prompt payment of claims. The Texas Department of Insurance indicates that any costs associated with this bill could be absorbed within the agency's existing budget.
Local Government Impact
No fiscal implication to units of local government is anticipated.