Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB1335 by Hegar (Relating to notice of acceptance or rejection of an insurance claim.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code regarding the notice of acceptance or rejection of an insurance claim. Based on analysis provided by the Texas Department of Insurance, any costs associated with implementing the provisions of the bill could be absorbed within existing agency resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.