FUND(S):

7152

Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    SB 309 would have a nominal impact on the revenues and expenditures of state government as they directly relate to the regulatory responsibilities of the Offices of the Insurance Commissioner. (no fiscal impact).
    
    
    Commercial insurers would file rates and forms incorporating the requirements, but the process for filing and review at the state would remain unchanged, so no fiscal impact as it relates to the operations of the Offices of the Insurance Commissioner.
    
    
    A fiscal note request has also been made of PEIA and should be read in conjunction with this note.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
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


Explanation of above estimates (including long-range effect):


    



Memorandum


    



    Person submitting Fiscal Note: Michael D Riley
    Email Address: Michael.Riley@wvinsurance.gov