TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB3148 by Torres (Relating to the issuance of windstorm and hail insurance policies by the Texas Windstorm Insurance Association for property located in certain flood zones.), As Introduced |
The bill would amend the Insurance Code relating to the issuance of windstorm and hail insurance policies by the Texas Windstorm Insurance Association for property located in certain flood zones. 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.
Source Agencies: | 454 Department of Insurance
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LBB Staff: | JOB, KJG, MW, CH
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