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.


SB 1 would have a nominal impact on the revenues and expenditures of state government as they directly relate to the regulatory responsibilities of the Offices of the Insurance Commissioner. (NO fiscal impact). The proposal amends and expands the mandated benefits for colorectal cancer examinations which may have a fiscal impact on PEIA, etc...Fiscal note requests have also been made of those other state agencies that may be impacted and should be read in conjunction with this note.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2012
Increase/Decrease
(use"-")
2013
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


Commercial insurers may file rates incorporating the expansion of benefits, but the process for rate review at the state would remain unchanged. No fiscal impact as is solely related to the operations of the Offices of the Insurance Commissioner



    Person submitting Fiscal Note: Melinda A. Kiss
    Email Address: Melinda.Kiss@wvinsurance.gov