FISCAL NOTE
FUND(S):
2360; 2361; 2362; 2363; 2367; 2368
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.
The introduced version of this proposed legislation will have minimal fiscal impact on the West Virginia Board of Risk and Insurance Management (BRIM),as it contemplates a study on the legality and feasibility of the medical schools participating in a self-insurance or private insurance plan for medical malpractice. An actuarial risk study is obtained by BRIM on an annual basis. As an addendum to the annual study, at an approximate $10,000 cost, BRIM can obtain an analysis of the financial impact on the state's risk and insurance management program in the eventuality the medical schools are allowed to self-insure and/or participate in a private plan.
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 |
0 |
10,000 |
| 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 |
10,000 |
Explanation of above estimates (including long-range effect):
Memorandum
Person submitting Fiscal Note: Charles E. Jones, Jr
Email Address: cjones@wvadmin.gov