LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
March 20, 2011

TO:
Honorable John T. Smithee, Chair, House Committee on Insurance
 
FROM:
John S O'Brien, Director, Legislative Budget Board
 
IN RE:
HB2503 by Thompson (Relating to insurance agent licenses issued to certain foreign corporations and partnerships.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to insurance agent licenses issued to certain foreign corporations and partnerships. Based on the analysis by the Texas Department of Insurance, 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:
454 Department of Insurance
LBB Staff:
JOB, KJG, CH