LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                        February 28, 1995



 TO:     Honorable John Smithee, Chair          IN RE:  House Bill No. 1605
         Committee on Insurance                         By: Hunter, Todd
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
1605 (relating to the licensing of insurance agents) this office
has determined the following:

The bill would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.

The bill would amend the Insurance Code to authorize two new
entities to be licensed as agents:  limited liability
partnerships registered with the Secretary of State and limited
liability companies organized under the Texas Limited Liability
Company Act.

Licensing these entities as agents would not change existing
Department of Insurance procedures and any additional workload
could be absorbed within existing licensing functions.


No significant fiscal implication to the State or units of local
government is anticipated.


Source:   Department of Insurance
          LBB Staff: JK, RM, RR