Fiscal Note
HB0093 - Insurance Fraud Amendments
State Impact:
Enactment of this bill will require additional appropriations to the Department of Insurance of $76,000 ongoing from the General Fund for a Market Conduct Examiner, $1,186,000 in ongoing Dedicated Credits for nine Fraud Investigators, and $160,000 in one-time Dedicated Credits for capital outlay costs in Fiscal Year 2009. Offsetting Dedicated Credits revenue would be generated by increased assessments on insurance companies.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $76,000 | $76,000 | $0 | $0 | $0 |
| Dedicated Credits | $0 | $1,346,000 | $1,186,000 | $0 | ($1,346,000) | ($1,186,000) |
| Total | $0 | $1,422,000 | $1,262,000 | $0 | ($1,346,000) | ($1,186,000) |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 1/24/2008, 1:09:44 PM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |