Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB965 by Zaffirini (relating to rate filing requirements for certain personal lines insurers with low market shares.), Committee Report 1st House, Substituted
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.