Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB112 by Lucio (Relating to a requirement for and the contents of a declarations page required for certain standard insurance policy forms for residential property insurance.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the requirement for and contents of a declaration page for certain insurance policy forms for residential property insurance. Based on analysis by the Texas Department of Insurance, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.