Honorable Eddie Lucio III, Chair, House Committee on Insurance
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB1554 by Smithee (relating to the language of personal automobile or residential property insurance policy documents and related materials.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
This bill would amend the Insurance Code relating to the language of personal automobile or residential property insurance policy documents and related materials. Based on information provided by the Texas Department of Insurance, this analysis assumes that 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.