LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

March 11, 2013

TO:	Honorable John Carona, Chair, Senate Committee On Business & Commerce
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	SB851 by Taylor (Relating to a claim filing period and contractual limitations period in certain property insurance policies.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code and the Civil Practice and Remedies Code relating to a claim filing period and contractual limitations periods in certain property insurance policies.

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.

Source Agencies:

454 Department of Insurance

LBB Staff:

UP, RB, MW, ER, CH