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.