LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION

April 15, 2011

TO:	Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:	John S O'Brien, Director, Legislative Budget Board
IN RE:	HB3005 by Paxton (Relating to exemptions to persons required to hold a limited property and casualty license.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to exemptions to persons required to hold a limited property and casualty license. Based on the analysis provided 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 agency 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