Date Requested: February 10, 2015
Time Requested: 11:08 AM
Agency: Workers' Compenation
CBD Number: Version: Bill Number: Resolution Number:
1404 Introduced SB51
CBD Subject: Workers Comp.


FUND(S):

7162

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.


    Senate Bill 51, if enacted, is likely to increase expense for the Worker's Compensation Old Fund and have an adverse impact on the reduction of the Old Fund deficit.
    
    The data necessary to prepare a reliable estimate of the negative impact on the Old Fund deficit is not available at this time. Please see the memorandum to this fiscal note for additional information.



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


    Senate Bill 51, if enacted, would grant twenty weeks (or 5% permanent partial disability) of worker's compensation benefits to claimants with no measurable pulmonary impairment from occupational pneumoconiosis.
    
    Data regarding how many additional awards for OP benefits that would be granted due to the proposed amendements to SB51 is not readily available.
    
    If enacted, SB51 could potentially increase private carrier worker's compensation insurance premium rates, and would also increase the worker's compensation expense for self-insured employers operating in WV, particularly those in industries with potential OP exposure.
    
    Estimates for the above impacts are not available at this time.



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