LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION

April 14, 2015

TO:	Honorable John Frullo, Chair, House Committee on Insurance
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB1132 by Workman (Relating to the regulation of certain policy forms used for insuring certain large risks.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to the regulation of certain policy forms used for insuring certain large risks.

Based on information provided by the Texas Department of Insurance, it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished within existing resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

454 Department of Insurance

LBB Staff:

UP, AG, NV, ER