SRC-TBR H.B. 1684 77(R)   BILL ANALYSIS


Senate Research Center   H.B. 1684
By: Solomons (Carona)
Business & Commerce
5/2/2001
Engrossed


DIGEST AND PURPOSE 

Current law provides that the seller of certain insurance products may
charge a policy or agent fee to defray the costs incurred in the writing
and processing of the insurance product.  H.B. 1684 provides that a policy
fee may be financed along with other legal charges under a retail
installment agreement 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a
state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 348.202(c), Finance Code, to authorize a holder
to include the cost of insurance provided under Subsection (a) or (b), and
a policy or agent fee charged in connection with insurance provided under
Subsection (a) or (b), as a separate charge in the contract. 

SECTION 2.  Effective date: upon passage or September 1, 2001.