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.


Proposed HB 4480 is not expected to have a material fiscal impact on the revenues/costs of state government. No Fiscal Impact.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2008
Increase/Decrease
(use"-")
2009
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


The proposal would result in carriers submitting new filings with the Offices of the Insurance Commissioner to incorporate the increased minimum, however, falls within the normal regulatory duties of that office and would not have a material fiscal impact.



    Person submitting Fiscal Note: Michael D. Riley
    Email Address: Michael.Riley@wvinsurance.gov