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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 19, 2021
TO:
Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2534 by Clardy (Relating to an appraisal procedure for disputed losses under personal automobile insurance policies.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to an appraisal procedure for disputed losses under personal automobile insurance policies. 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 Admin, 454 Department of Insurance