Date Requested:January 13, 2011
Time Requested:02:15 PM
Agency: Crime Victims Compensation Fund
CBD Number: Version: Bill Number: Resolution Number:
2011R1267 Introduced HB2011
CBD Subject: UNINSURED DRIVER IS NEGLIGENT
FUND(S)
Crime Victims Compensation Fund 1731
Sources of Revenue
Special Fund
Legislation creates:
A New Program

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The estimate of claims is based upon information from the Insurance Commission of approximately 4,000 incidents per year. This may be an under estimate.
    Also, the Crime Victims Fund is understaffed at this time and would need more staff and office space to process and investigate the anticipated number of claims by victims of uninsured motorists.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 500,000 1,000,000 1,000,000
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0
3. Explanation of above estimates (including long-range effect):
    At minimum the Fund would process approximately 4,000 claims by victims of uninsured motorists at $250.00 per claim maximum or $1,000,000 per year. Currently the Fund collected $1.5 million in finds and costs; paid out $2.2 million in awards. Federal grant funds paid the difference. The Fund could not absorb $1 million more in claims by victims of uninsured motorist without receiving more revenue. This expenditure would not be reimbursable with Federal grant funds.


Memorandum
Person submitting Fiscal Note:
John P. Fulks
Email Address:
ctclaims@wvlegislature.gov
    See impact statement above.