Honorable Larry Phillips, Chair, House Committee on Insurance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2542 by Anderson, Rodney (Relating to notice to certain insurers by the Texas Department of Insurance regarding supervision or conservatorship of certain insurance agents.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to notice to certain insurers by the Texas Department of Insurance regarding supervision or conservatorship of certain insurance agents. Based on information provided by the Texas Department of Insurance, this analysis assumes the 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.