BILL ANALYSIS


                                                        S.B. 1009
                                                        By: Brown
                                             Economic Development
                                                          05-1-95
                                       Committee Report (Amended)
BACKGROUND

Current sanctions relating to persons who act as a life insurance
counselor or who violate life insurance counselor provisions in the
Insurance Code are inconsistent with punishment ranges in the Penal
Code.

PURPOSE

As proposed, S.B. 1009 provides sanctions for individuals who act
as a life insurance counselor without a license or who violate
provisions of the Insurance Code relating to life insurance
counselors.

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not grant any
additional rulemaking authority to a state officer, institution, or
agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 7, Article 21.07-2, V.T.I.C., as follows:

     Sec. 7.  (a) Provides that a person commits an offense if the
     person acts as a life insurance counselor without a license
     issued under this Act or violates this Act.  Provides that
     each violation constitutes a separate offense and an offense
     under this subsection is a Class C misdemeanor.
     
     (b) Subjects a person who commits a violation under this Act
       to license revocation under Section 5, Article 21.01-2,
       V.T.I.C.  Makes a license holder ineligible for a new
       license for two years after the effective date of the
       license revocation if the department revokes the license. 
       Deletes existing Section 7 relating to punishment of an
       offense under this Act.
       
       SECTION 2.   Makes application of this Act prospective.

SECTION 3. Emergency clause.
           Effective date: 90 days after adjournment.