Honorable John Frullo, Chair, House Committee on Insurance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1730 by Smithee (Relating to own risk and solvency assessment by insurers and insurance groups; providing a penalty.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to own risk and solvency assessment by insurers and insurance groups; providing a penalty.
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.