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.


    HB 4524 would have no fiscal impact on the revenues and expenditures of state government as they directly relate to the regulatory responsibilities of the Offices of the Insurance Commissioner.
    
    HB 4524 requires certain insurance companies to participate in information data matches with the Bureau of Child Support Enforcement for the purpose of establishing, modifying and enforcing child support, spousal support and medical support.
    
    There could be a fiscal impact to the expenditures of the Bureau of Child Support Enforcement that should be considered when evaluating this proposal.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2012
Increase/Decrease
(use"-")
2013
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


    HB 4524 amendments place data and information sharing requirements on insurance companies for the purposes of child support enforcement obligations. HB 4524 does not alter the regulatory responsibilities of the Insurance Commissioner. Accordingly, it has no fiscal impact. Person submitting Fiscal Note: Melinda A. Kiss
     Email Address: Melinda.Kiss@wvinsurance.gov