Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB4492 by Eiland (Relating to annuities registered under the Securities Act of 1933.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to annuities registered under the Securities Act of 1933. The Texas Department of Insurance indicates it could absorb the costs associated with the bill within its current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.