This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0871 - Insurers Shall Make Disclosure in Auto Policies 
L.R. NO.  3164-01
BILL NO.  SB 871
SUBJECT:  Vehicles - Insurance
TYPE:     Original
DATE:     February 13, 1996



                              FISCAL SUMMARY

                    ESTIMATED NET EFFECT ON STATE FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999


Total Estimated
Net Effect on All
State Funds                        $0              $0             $0

                   ESTIMATED NET EFFECT ON FEDERAL FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999


Total Estimated
Net Effect on All
Federal Funds                      $0              $0             $0

                    ESTIMATED NET EFFECT ON LOCAL FUNDS

FUND AFFECTED                 FY 1997         FY 1998        FY 1999

Local Government                   $0              $0             $0


                              FISCAL ANALYSIS

ASSUMPTION

No fiscal impact would be expected on the budgets of the Department of
Revenue or Department of Insurance as a result of this legislation.


FISCAL IMPACT - State Government     FY 1997     FY 1998     FY 1999
                                    (10 Mo.)

                                           0           0           0

FISCAL IMPACT - Local Government     FY 1997     FY 1998     FY 1999
                                    (10 Mo.)

                                           0           0           0

DESCRIPTION

The proposed legislation would require any insurer issuing or renewing a
policy of motor vehicle insurance which does not include minimum liability
coverage to conspicuously disclose the lack thereof to the insured.

This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.


SOURCES OF INFORMATION

Department of Revenue
Department of Insurance