Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1433 by Capriglione (Relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Business & Commerce Code relating to the payment of insurance deductibles and release of insurance proceeds to contractors for property insurance claims. It is assumed 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.