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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 5, 2021
TO:
Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1745 by Bailes (Relating to notice to a policy owner regarding changes affecting a life insurance policy.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to notice to a policy owner regarding changes affecting a life insurance policy. 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.
Source Agencies:
327 Employees Retirement System, 710 Texas A&M Univ System Admin, 720 UT Sys Admin