FISCAL NOTE
Date Requested: January 13, 2023
Time Requested: 01:15 PM |
| Agency: |
Public Employees Insurance Agency (PEIA) |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2587 |
Introduced |
HB2517 |
|
|---|
| CBD Subject: |
Insurance |
|---|
|
FUND(S):
PEIA Basic Insurance Fund
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to amend WV Code §33-4-24 to require policyholders to be notified when controlled substances are prescribed to beneficiaries under their policies. PEIA is exempt from Article 4 of Chapter 33, and accordingly, there will be no fiscal impact to PEIA if the proposed bill is passed.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
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
The purpose of this bill is to amend WV Code §33-4-24 to require policyholders to be notified when controlled substances are prescribed to beneficiaries under their policies. PEIA is exempt from Article 4 of Chapter 33, and accordingly, there will be no fiscal impact to PEIA if the proposed bill is passed.
Person submitting Fiscal Note: April Taylor
Email Address: april.a.taylor@wv.gov