By:  Seaman                                                       H.B. No. 3299



A BILL TO BE ENTITLED

AN ACT

relating to valuation fees for life insurance.                                
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Amend Section 202.052, Insurance Code, to read 
as follows:       
	SECTION 202.052  Fees Imposed on Certain Insurers.  (a)  The 
department shall adopt by rule [impose] and the comptroller shall 
collect fees for the use of the state from each authorized insurer 
in writing a class of insurance that may be written by an insurer 
operating under Chapter 841.  The amount of fees adopted may not 
exceed:
		(1)  for valuing life insurance policies, and for each 
$1 million of insurance or fraction thereof $10.  The commissioner 
may adopt different valuation fees for valuation of individual life 
and group life policies; and
		(2)  for filing the annual statement         $500.                            
	(b)  Subtitles A and B, Title 2, Tax Code, apply to a fee 
collected under this section.
	SECTION 2.  This Act shall be effective January 1, 2005, and 
shall apply to valuation fees adopted on or after the effective date 
of this act.