LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                            February 22, 2001
  
  
          TO:  Honorable John T. Smithee, Chair, House Committee on
               Insurance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB1342  by Eiland (Relating to a specialty insurance
               agent license for persons who sell certain
               telecommunications equipment.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The Texas Department of Insurance estimates there would be a minimal
revenue increase to the General Revenue Fund - Dedicated - Texas
Department of Insurance Operating Fund Account No. 036.

The bill adds a new specialty insurance agent license that authorizes a
telecommunication equipment vendor to sell insurance to a customer that
covers the loss, malfunction or damage of the purchased telecommunication
equipment.

The bill would take effect on September 1, 2001.
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   473   Public Utility Commission of Texas, 454   Texas
                   Department of Insurance, 475   Office of Public
                   Utility Counsel
LBB Staff:         JK, JO, RT, DE