LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
 
March 31, 2015

TO:
Honorable John Frullo, Chair, House Committee on Insurance
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB1700 by Smithee (Relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to reinsurance, distributions, and pooling arrangements by captive insurance companies.

Based on information provided by the Texas Department of Insurance (TDI), 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.


Source Agencies:
454 Department of Insurance
LBB Staff:
UP, AG, ER