Honorable Eddie Lucio III, Chair, House Committee on Insurance
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB1900 by Bonnen, Greg (Relating to replacement cost coverage in policies issued by the Texas Windstorm Insurance Association.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to replacement cost coverage in policies issued by the Texas Windstorm Insurance Association. 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.