Honorable Dennis Bonnen, Speaker of the House, House of Representatives
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB3420 by Lambert (Relating to liability coverage for certain vehicles provided by certain automobile repair facilities.), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to liability coverage for certain vehicles provided by certain automobile repair facilities. 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 personal automobile insurance policy that is delivered, issued for delivery, or renewed on or after January 1, 2020. The bill would take effect on September 1, 2019.
Local Government Impact
No fiscal implication to units of local government is anticipated.