LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
 
April 1, 2021

TO:
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
SB1367 by Creighton (relating to the regulation of commercial property and casualty insurance and insurance for certain large risks.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

It is assumed that the costs associated with the bill's provisions relating to the State Office of Risk Management could be absorbed using existing resources. The Texas Department of Insurance does not anticipate a significant fiscal impact related to the bill's implementation.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
454 Department of Insurance, 479 State Office of Risk Management
LBB Staff:
JMc, SZ, LCO, SMAT