LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 21, 1995 TO: Honorable John Smithee, Chair IN RE: House Bill No. 2794 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. 2794 (relating to penalties for a violation of this act) this office has determined the following: The bill would amend the Insurance Code to change the penalty for acting as a life insurance counselor without a license or violating the Act to a Class C misdemeanor and to remove the sentencing provision. No fiscal implication to the State or units of local government is anticipated. Source: Department of Insurance LBB Staff: JK, RM, RR