LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 9, 1995



 TO:     Honorable Kenny Marchant, Chair        IN RE:  House Bill No. 2790
         Committee on Financial Institutions            By: Shields
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
2790 (relating to the exemption of insurance benefits and certain
annuity proceeds from seizure under process) this office has
determined the following:

The bill would amend the Insurance Code with a new section
clarifying that the exemptions and protections from seizure,
garnishment, attachment or other seizure of the proceeds from
life insurance policies and annuity contracts are in addition to
similar exemptions provided under the Property Code.


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


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