FISCAL NOTE
Date Requested: February 05, 2016
Time Requested: 11:53 AM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1443 |
Introduced |
HB4228 |
|
|---|
| CBD Subject: |
Roads and Transportation |
|---|
|
FUND(S):
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.
House Bill 4266 has no fiscal impact on the revenues or expenses of the Offices of the Insurance Commissioner.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2016
Increase/Decrease
(use"-") |
2017
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, HB4266 would not have a fiscal impact on the revenues or expenses of the Offices of the Insurance Commissioner.
If enacted, HB4266 would permit the creation of transportation network companies and establish the statutory framework for the operation of those companies. HB4266 would allow automobile insurance companies to exclude certain coverage and would also define the relationship between drivers and transportation network companies.
HB4266 may have a fiscal impact on the operations of the Division of Motor Vehicles and input from that agency should be considered.
Person submitting Fiscal Note: Melinda Kiss
Email Address: Melinda.Kiss@wvinsurance.gov