Supplement: TX SB1602 | 2021-2022 | 87th Legislature | Fiscal Note (Engrossed)
For additional supplements on Texas SB1602 please see the Bill Drafting List
Bill Title: Relating to nonrenewal of certain property and casualty insurance policies for the insured's failure to cooperate in a claim investigation, settlement, or defense.
Status: 2021-06-16 - Effective on 9/1/21 [SB1602 Detail]
Download: Texas-2021-SB1602-Fiscal_Note_Engrossed_.html
Bill Title: Relating to nonrenewal of certain property and casualty insurance policies for the insured's failure to cooperate in a claim investigation, settlement, or defense.
Status: 2021-06-16 - Effective on 9/1/21 [SB1602 Detail]
Download: Texas-2021-SB1602-Fiscal_Note_Engrossed_.html
| TO: |
Honorable Tom Oliverson, Chair, House Committee on Insurance |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
SB1602 by Taylor (Relating to nonrenewal of certain property and casualty insurance policies for the insured's failure to cooperate in a claim investigation, settlement, or defense.), As Engrossed |
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to nonrenewal of certain property and casualty insurance policies for the insured's failure to cooperate in a claim investigation, settlement, or defense. 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, SZ |
