Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB74 by Ellis (Relating to insurer rating practices requiring prior approval.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to insurer rating practices requiring prior approval. Based on information 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 resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.