Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB322 by Carona (Relating to the requirements for reinsurance contracts covering title insurance policies issued in this state.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the requirements for reinsurance contracts covering title insurance policies issued in this state. It is assumed that the 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.