LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
 
May 5, 2017

TO:
Honorable Larry Phillips, Chair, House Committee on Insurance
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
SB1073 by Hancock (Relating to registration statement and reporting requirements of insurers in an insurance holding company system.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to registration statement and reporting requirements of insurers in an insurance holding company system. 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.


Source Agencies:
454 Department of Insurance
LBB Staff:
UP, AG, CL, EH, CP