Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB1227 by Hegar (Relating to the payment of third-party claims under commercial and personal automobile insurance policies in this state.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the payment of third-party claims under commercial and personal automobile insurance policies in this state. 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.