LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 2, 2001
  
  
          TO:  Honorable John T. Smithee, Chair, House Committee on
               Insurance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB466  by Madla (Relating to a specialty insurance agent
               license for persons who sell certain telecommunications
               equipment.), As Engrossed
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill makes the following revisions to Article 21.09 of the Insurance
Code: amends Section 1(a), adds Section 7 and repeals Section 6.  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:   475   Office of Public Utility Counsel, 473   Public
                   Utility Commission of Texas, 454   Texas Department
                   of Insurance
LBB Staff:         JK, SD, JO, DE