FISCAL NOTE

Date Requested: February 12, 2020
Time Requested: 09:19 AM
Agency: Insurance Commission
CBD Number: Version: Bill Number: Resolution Number:
2460 Introduced HB4466
CBD Subject: Insurance


FUND(S):

7152

Sources of Revenue:

Special Fund

Legislation creates:





Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    House Bill 4466, if enacted, would give the Insurance Commissioner authority to regulate certain certificates of insurance.
    
    HB 4466 would not have a significant fiscal impact on the Offices of the Insurance Commissioner.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2020
Increase/Decrease
(use"-")
2021
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):


    Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.



Memorandum


    House Bill 4466, if enacted, would give the Insurance Commissioner authority to regulate certain certificates of insurance.
    
    HB 4466 would not have a significant fiscal impact on the revenues, expenses or operations of the Offices of the Insurance Commissioner.



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