LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
 
May 11, 2009

TO:
Honorable John T. Smithee, Chair, House Committee on Insurance
 
FROM:
John S. O'Brien, Director, Legislative Budget Board
 
IN RE:
SB1109 by Jackson, Mike (Relating to the regulation of stipulated premium insurance companies.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code regarding the limits of certain life insurance coverage written by stipulated premium insurance companies. The Texas Department of Insurance indicates that 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.


Source Agencies:
454 Department of Insurance
LBB Staff:
JOB, KJG, CH