Fiscal Note - State of Utah - 2012 General Session
HB0061 - Portable Electronics Insurance Related Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will cost the Department of Insurance $1,500 one-time from Insurance Department Restricted Account. The cost will be offset by fees assessed in the bill. These fees will be collected every other year.
|State Budget Detail Table||FY 2012||FY 2013||FY 2014|
|Net Impact, All Funds (Rev.-Exp.)||$0||$0||$0|
|Net Impact, General/Education Funds (Rev.-Exp.)||$0||$0||$0|
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Portable electronic insurance carriers would be assessed a $100 license fee every two years. There are 15 of these carriers as a result the cumulative cost would be $1,500.
|1/16/2012, 8:04:21 AM, Lead Analyst: Wilko, A./Attny: PO||Office of the Legislative Fiscal Analyst|