FISCAL NOTE
Date Requested: February 08, 2017
Time Requested: 06:41 PM |
| Agency: |
Workers' Compenation |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1087 |
Introduced |
SB48 |
|
|---|
| CBD Subject: |
Juveniles |
|---|
|
FUND(S):
7173
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.
If enacted, the provisions of SB48 would have an adverse fiscal impact on the workers' compensation premium rates for Volunteer fire Department (VFD) class 7711.
Actuarially determined estimates of the magnitude of the adverse impacts are not currently available and require a considerable amount of time to produce. However, the severity of the increased costs could be significant.
SB48 would not significantly impact the operations, expenses or revenues of the Offices of the Insurance Commissioner.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2017
Increase/Decrease
(use"-") |
2018
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
If enacted, SB48 would expand the rebuttable presumptions for certain injuries and diseases to volunteer fire departments (VFDs) and allow coverage for occupational pneumoconiosis or other occupational disease for work performed out of state.
If the exposure base for workers' compensation coverage increases, the premiums will also increase for VFD class 7711. If the workers' compensation premiums for VFDs increase, it is likely that the requests for increased subsidies to offset premium costs will also increase.
Person submitting Fiscal Note: Melinda Ashworth Kiss
Email Address: Melinda.A.Kiss@wv.gov