LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 21, 1995



 TO:     Honorable John Smithee, Chair          IN RE:  House Bill No. 2793
         Committee on Insurance                         By: Shields
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
2793 (relating to amendments to certain provisions of the Texas
Insurance Holding Company System Regulatory Act) 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 redefine
"extraordinary" dividends to raise the threshold of insurer
dividends that may be paid without prior regulatory approval.


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


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