Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3809 by Hunter (Relating to the setting of premium rates for Texas Windstorm Insurance Association policies by the commissioner of insurance.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the setting of premium rates for Texas Windstorm Insurance Association policies by the Commissioner of Insurance. 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.