Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2111 by Lucio III (Relating to rate filing requirements for certain personal lines insurers with low market share.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would repeal provisions of the Insurance Code relating to rate filing requirements for certain personal lines insurers. 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 significant fiscal implication to units of local government is anticipated.