Honorable Eddie Lucio III, Chair, House Committee on Insurance
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB2305 by Taylor (relating to certain functions of the Texas Windstorm Insurance Association and a study regarding a merger of the Texas Windstorm Insurance Association and the Fair Access to Insurance Requirements Plan; authorizing a penalty.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to certain functions of the Texas Windstorm Insurance Association and a study regarding a merger of the Texas Windstorm Insurance Association and the Fair Access to Insurance Requirements Plan; authorizing a penalty. 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.