LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
 
April 12, 2021

TO:
Honorable Tom Oliverson, Chair, House Committee on Insurance
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
HB3969 by Sanford (Relating to consideration by an insurer of other insurers' filed rates and factors in setting the insurer's rates.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to consideration by an insurer of other insurers' filed rates and factors in setting the insurer's rates. 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.


Source Agencies:
454 Department of Insurance
LBB Staff:
JMc, AAL, MB, MPUK