Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB871 by Lucio (Relating to corrective action with regard to excessive or unfairly discriminatory residential property or personal automobile premium rates.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to corrective action with regard to excessive or unfairly discriminatory residential property or personal automobile premium rates. 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.