FISCAL NOTE
Date Requested: February 09, 2017 Time Requested: 03:25 PM |
Agency: |
Insurance Commission |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1437 |
Introduced |
SB228 |
|
CBD Subject: |
Workers Compensation |
---|
|
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.
Senate Bill 228 has no significant fiscal impact to the Offices of the Insurance Commissioner, provided that the expansion of worker's compensation benefits to include cardiovascular diseases incurred by volunteer firefighters are not considered to apply retroactively.
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
Senate Bill 228 would not significantly impact the regulatory responsibilities of the Offices of the Insurance Commissioner, or the revenues or expenses related to those responsibilities.
If enacted, SB228 would expand the definition of "professional firefighter" to include volunteer firefighters and therefore expand the rebuttable presumption of compensability for occupational disease claims, including cardiovascular injury or disease to include volunteer firefighters. The expansion of the rebuttable presumption will increase the coverage base and will also increase workers' compensation premiums for this classification of employees.
SB228 also requires the Offices of the Insurance Commissioner to study certain matters related to the workers' compensation premium rates and classifications for volunteer firefighters. The OIC does not believe that there would be significant additional costs related to completion of this study. However, it should be noted that there is a lack of credible data available for use in preparing the requested report.
Person submitting Fiscal Note: Melinda Ashworth Kiss
Email Address: Melinda.A.Kiss@wv.gov