Honorable John Frullo, Chair, House Committee on Insurance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1379 by Sheets (Relating to the standard valuation and nonforfeiture requirements for life insurance, accident and health insurance, and annuities.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the standard valuation and nonforfeiture requirements for life insurance, accident and health insurance, and annuities.
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 staff and resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.