Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4153 by Sanford (Relating to the filing of an annual audit report by a title insurance company, title insurance agent, or direct operation.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the filing of an annual audit report by a title insurance company, title insurance agent, or direct operation. 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.