LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

February 12, 2013

TO:	Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	SB183 by Carona (Relating to certain inquiries made by the Texas Department of Insurance to insurers.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to certain inquiries made by the Texas Department of Insurance (TDI) to insurers. The bill would require TDI to provide a 10-day extension to respond to the inquiry to any person requesting an extenstion in writing within the allowable time frame.  The bill would further require TDI to maintain a record of all inquiries made by the department.

Based on analysis by TDI, 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 fiscal implication to units of local government is anticipated.

Source Agencies:

454 Department of Insurance

LBB Staff:

UP, RB, MW, ER