|Date Requested:February 15, 2012
Time Requested:03:51 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
| SB 574 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.
SB 574 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.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
|SB 574 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.|