FISCAL NOTE
Date Requested: January 26, 2015
Time Requested: 10:57 AM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2311 |
Introduced |
HB2398 |
|
|---|
| CBD Subject: |
Insurance |
|---|
|
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.
House Bill 2398 would have no significant fiscal impact on the operations, revenues or expenses of the Offices of the Insurance Commissioner.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2015
Increase/Decrease
(use"-") |
2016
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
HB2398 would limit the use of a credit score to banking institution credit scoring for casualty insurance rate filings and prohibit the use of credit scoring as a consideration in calculating insurance rates in homeowners or automobile liability policies.
HB2398 would not impact the regulatory responsibilities, the revenues or the expenses of the Offices of the Insurance Commissioner.
Person submitting Fiscal Note: Melinda Kiss
Email Address: melinda.kiss@wvinsurance.gov