79R11749 AJA-F


By:  Seaman                                                       H.B. No. 3299



A BILL TO BE ENTITLED

AN ACT

relating to certain fees paid by authorized insurers.                         
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 202.052(a), Insurance Code, is amended 
to read as follows:
	(a)  The commissioner by rule [department] shall adopt
[impose] and the comptroller shall collect fees for the use of the 
state from each authorized insurer writing a class of insurance 
that may be written by an insurer operating under Chapter 841.  The 
commissioner may adopt different valuation fees for valuation of 
individual life insurance policies and group life insurance 
policies.  The amount of the fees adopted may not exceed:
		(1)  for valuing life insurance policies, and for each 
$1 million of insurance or fraction thereof . . . $10; and
		(2)  for filing the annual statement . . . $500.                              
	SECTION 2.  The change in law made by this Act applies only 
to a fee, payment of which is originally due on or after January 1, 
2006.  A fee, payment of which is originally due before January 1, 
2006, is governed by the law in effect immediately before the 
effective date of this Act, and that law is continued in effect for 
that purpose.
	SECTION 3.  This Act takes effect September 1, 2005.