FISCAL NOTE
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.
There is no significant fiscal impact to the operations or regulatory activities of the Offices of the Insurance Commissioner due to SB 456.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2013
Increase/Decrease
(use"-") |
2014
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
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.
Person submitting Fiscal Note: Melinda Kiss
Email Address: Melinda.Kiss@wvinsurance.gov