Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB1063 by Hancock (Relating to the operation of the Texas Property and Casualty Insurance Guaranty Association.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the operation of the Texas Property and Casualty Insurance Guaranty Association. Based on information provided by the Texas Department of Insurance and Office of Court Administration, 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 significant fiscal implication to units of local government is anticipated.
Source Agencies:
212 Office of Court Administration, Texas Judicial Council, 454 Department of Insurance