Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3694 by Smithee (Relating to the operation and oversight of the Texas Windstorm Insurance Association and other insurance entities; increasing a surcharge.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the operation and oversight of the Texas Windstorm Insurance Association and other insurance entities and increasing a surcharge. Based on information provided by the Texas Department of Insurance, it is assumed that implementing the provisions of the bill could be accomplished utilizing existing staff and resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.