Supplement: TX SB1954 | 2021-2022 | 87th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas SB1954 please see the Bill Drafting List
Bill Title: Relating to the pledge or encumbrance of an insurer's assets under the Asset Protection Act.
Status: 2021-05-18 - Effective on 9/1/21 [SB1954 Detail]
Download: Texas-2021-SB1954-Fiscal_Note_Introduced_.html
Bill Title: Relating to the pledge or encumbrance of an insurer's assets under the Asset Protection Act.
Status: 2021-05-18 - Effective on 9/1/21 [SB1954 Detail]
Download: Texas-2021-SB1954-Fiscal_Note_Introduced_.html
| TO: |
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
SB1954 by Hancock (Relating to the pledge or encumbrance of an insurer's assets under the Asset Protection Act.), As Introduced |
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the pledge or encumbrance of an insurer's assets under the Asset Protection Act. 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.
| Source Agencies: | 454 Department of Insurance |
| LBB Staff: | JMc, SZ, MB, MPUK |
