Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
SB1433 by Carona (Relating to insurer receivership.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to insurer receivership. 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.