|Date Requested:March 06, 2013
Time Requested:02:17 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|There is no significant fiscal impact to the operations or regulatory activities of the Offices of the Insurance Commissioner due to SB 456.|
|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 456 does not significantly impact the revenues or the expenses of the Offices of the Insurance Commissioner (OIC).
If enacted, SB 456 would expand the rebuttable presumption that the development of certain cancers arose out of the course of employment to volunteer firefighters. Under current law, the presumption is limited to professional firefighters. Based on a 2012 NCCI analysis, volunteer firefighter experience is estimated to comprise approximately 0.1% of the WV workers compensation costs. Therefore, the increase on overall WV workers compensation system costs is expected to be negligible.
If enacted, SB 456 requires that certain criteria be met before the rebuttable presumption is applicable for either volunteer or professional firefighters. It is not currently known how SB 456 would impact the funding for the VFD premium subsidy administers by the State Auditor’s Office or how it would impact premium rates for professional firefighters.