Honorable Eddie Lucio III, Chair, House Committee on Insurance
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB1944 by Lucio III (Relating to extension of deadlines for claims and related settlement and dispute resolution under the Texas Windstorm Insurance Association Act.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to extension of deadlines for claims and related settlement and dispute resolution under the Texas Windstorm Insurance Association Act. 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. The bill applies only to a claim filed on or after September 1, 2019.
Local Government Impact
No fiscal implication to units of local government is anticipated.