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Fiscal Note - Prefiled SB 6052, Office of Insurance Commissioner (No Fiscal Impact)

Summary

Individual State Agency Fiscal Note for Prefiled SB 6052 (Bill Number S-4817.3) from Agency 160-Office of Insurance Commissioner. Part I marks No Fiscal Impact, and Part IV: Capital Budget Impact is listed as NONE. The form gives agency preparation and agency approval dates of 01/10/2020 and an OFM review date of 01/13/2020.

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“Fiscal Note - Prefiled SB 6052, Office of Insurance Commissioner (No Fiscal Impact).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-01-21-a26305-d209518-6052-fn-final-279be0f2e3/, SHA-256 083974bcec3213f8be306946d0ccc410c7b240f8be5d4b8809dafab5e8dfc5fd.

Full text

                                      Individual State Agency Fiscal Note

Bill Number:          S-4817.3                  Title:      Prefiled SB 6052.                                                Agency:        160-Office of Insurance
                                                                                                                                            Commissioner


Part I: Estimates
 X       No Fiscal Impact




     The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
     and alternate ranges (if appropriate), are explained in Part II.

     Check applicable boxes and follow corresponding instructions:

         If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
         form Parts I-V.

         If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).

         Capital budget impact, complete Part IV.

         Requires new rule making, complete Part V.


     Legislative Contact:         Clinton McCarthy                                                        Phone: 360-786-7319                 Date: 01/02/2020

     Agency Preparation:          Scott Bird                                                              Phone: (360) 725-7169               Date:    01/10/2020

     Agency Approval:             Bryon Welch                                                             Phone: 360-725-7037                 Date:    01/10/2020

     OFM Review:                  Jason Brown                                                             Phone: (360) 902-0539               Date:    01/13/2020

Form FN (Rev 1/00) 153,568.00                                                                                                                           Request # 20-02-1
FNS063 Individual State Agency Fiscal Note                                       1                                                                         Bill # S-4817.3
 Briefly describe by section number, the significant provisions of the bill, and any related workload or policy assumptions, that have revenue or
 expenditure impact on the responding agency.
 Briefly describe and quantify the cash receipts impact of the legislation on the responding agency, identifying the cash receipts provisions by section
 number and when appropriate the detail of the revenue sources. Briefly describe the factual basis of the assumptions and the method by which the
 cash receipts impact is derived. Explain how workload assumptions translate into estimates. Distinguish between one time and ongoing functions.

 Briefly describe the agency expenditures necessary to implement this legislation (or savings resulting from this legislation), identifying by section
 number the provisions of the legislation that result in the expenditures (or savings). Briefly describe the factual basis of the assumptions and the
 method by which the expenditure impact is derived. Explain how workload assumptions translate into cost estimates. Distinguish between one time
 and ongoing functions.

Part IV: Capital Budget Impact
         NONE




Prefiled SB 6052.                                                                                                                  160-Office of Insurance Commissioner
Form FN (Rev 1/00) 153,568.00                                                                                                                         Request # 20-02-1
FNS063 Individual State Agency Fiscal Note                                        2                                                                       Bill # S-4817.3

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