Supplement: TX HB2920 | 2021-2022 | 87th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas HB2920 please see the Bill Drafting List
Bill Title: Relating to a grace period for payment of premiums on insurance policies renewed by the Texas Windstorm Insurance Association.
Status: 2021-06-07 - Effective on 9/1/21 [HB2920 Detail]
Download: Texas-2021-HB2920-Fiscal_Note_Introduced_.html
Bill Title: Relating to a grace period for payment of premiums on insurance policies renewed by the Texas Windstorm Insurance Association.
Status: 2021-06-07 - Effective on 9/1/21 [HB2920 Detail]
Download: Texas-2021-HB2920-Fiscal_Note_Introduced_.html
| TO: |
Honorable Tom Oliverson, Chair, House Committee on Insurance |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
HB2920 by Lozano (Relating to a grace period for payment of premiums on insurance policies renewed by the Texas Windstorm Insurance Association.), As Introduced |
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to a grace period for payment of premiums on insurance policies renewed by the Texas Windstorm Insurance Association. 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 |
