Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB1310 by Smithee (Relating to the office of public insurance counsel's authority to initiate a hearing on or object to insurance rates or rate filings.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the Office of Public Insurance Counsel’s authority to initiate a hearing on or object to insurance rates or rate filings. Based on the analysis by the Texas Department of Insurance and the Office of Public Insurance Counsel, it is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
359 Office of Public Insurance Counsel, 454 Department of Insurance