LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

March 11, 2013

TO:	Honorable John T. Smithee, Chair, House Committee On Insurance
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB1906 by Eiland (Relating to insurers' duty to provide information in a fraud investigation.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the insurance code relating to an insurer's duty to provide information in a fraud investigation.  The bill would require an insurer to respond to a Texas Department of Insurance (TDI) request for information related to a matter under investigation within 15 days of when the request is received. 

Based on information provided by TDI, 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.

Source Agencies:

454 Department of Insurance

LBB Staff:

UP, AG, MW, ER, LXH