Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB796 by Middleton (relating to arbitration provisions in surplus lines insurance contracts.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
Based on the analysis of the Department of Insurance, 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.