FISCAL NOTE
FUND(S):
General Revenue and Special Revenue
Sources of Revenue:
General Fund,Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Thislegislation creats the Office of Insurance Consumer Advocate in the Attorney General's Office. The purpose of this office will be to represent consumers in all judicial and administrative proceedings. The office will also have the authority to initiate judicial and administrative proceedings when it is determine to be in the best interest of the consuming public.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2005
Increase/Decrease
(use"-") |
2006
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
349,805 |
349,805 |
| Personal Services |
0 |
321,456 |
321,456 |
| Current Expenses |
0 |
28,349 |
28,349 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
349,805 |
349,805 |
Explanation of above estimates (including long-range effect):
PERSONAL SERVICES
==================
Insurance Advocate 125,000
2 Attorneys 140,000
1 Paralegal 40,000
1 Secretary 35,000
1 Investigator 42,000
Current Staff 183,384
Total 565,384
Additional Staff Benefits 87,100
Current Staff Benefits 98,192
Total Personal Services 750,676
Less Current Funding 331,028
98,192
Net Increase 321,456
Current Expenses
================
Rent 12,000
West Law 30,000
Utilties 5,600
Office Supplies 20,000
Vehicle Cost 3,600
Travel 15,000
Association Dues 20,000
Miscellaneous 20,000
Total 126,200
Less Current Funding 97,851
Net Increase 28,349
Note all increase will be recovered by a levy on the insurance industry. Net Cost to the Stat is zero dollars.
Memorandum
The billing requires the Office of Insurance Consumer Advocate to be funded by an appropriate special revenue fund but all of the funding from levy on the industry goes to the General Fund. There needs to be a mechanism to move the funding from the general fund back over to the appropriated special revenue fund.
Person submitting Fiscal Note: Jerome K. Clay
Email Address: Joe.Clay@WVAGO.GOV