Fiscal Note - Legal service plans, Bill 5810 SB, Office of Insurance Commissioner (Final 01/18/22)

Summary

Individual state agency fiscal note on Bill Number 5810 SB, titled Legal service plans, from the Office of Insurance Commissioner. Part I reads "X No Fiscal Impact", with estimated cash receipts, operating expenditures and capital budget impact each listed as NONE. The narrative states that Section 1 codifies that legal service contractors are not insurers under RCW 48.01.050 and legal service plans are not insurance under RCW 48.01.040, with no fiscal impact to the Office of Insurance Commissioner. It lists Michael Walker for agency preparation, Mark Dietzler for agency approval and Jason Brown for OFM review dated 01/18/2022.

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Cite this document

“Fiscal Note - Legal service plans, Bill 5810 SB, Office of Insurance Commissioner (Final 01/18/22).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-01-25-a29562-d238761-5810-fn-final-01-18-22-e9dcca2895/, SHA-256 a7df530e311659afec37582c6908c46f8b216c9709735e13e141f9a46116a8d1.

Full text

Individual State Agency Fiscal Note

Bill Number: 5810 SB Title: Legal service plans Agency: 160-Office of Insurance
Commissioner

Part I: Estimates
X No Fiscal Impact

Estimated Cash Receipts to:

NONE

Estimated Operating Expenditures from:
NONE

Estimated Capital Budget Impact:

NONE

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: Kellee Gunn Phone: 786-7429 Date: 01/12/2022
Agency Preparation: Michael Walker Phone: 360-725-7036 Date: 01/17/2022
Agency Approval: Mark Dietzler Phone: 360-725-7106 Date: 01/17/2022
OFM Review: Jason Brown Phone: (360) 742-7277 Date: 01/18/2022

Form FN (Rev 1/00) 171,494.00 Request # 22-28-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 5810 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
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 .

Section 1 codifies that legal service contractors are not insurers under RCW 48.01.050 and legal service plans are not
insurance under RCW 48.01.040. No fiscal impact to the Office of Insurance Commissioner.
II. B - Cash receipts Impact
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 .

II. C - Expenditures
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 III: Expenditure Detail
III. A - Operating Budget Expenditures
NONE
III. B - Expenditures by Object Or Purpose
NONE

III. C - Operating FTE Detail: List FTEs by classification and corresponding annual compensation . Totals need to agree with total FTEs in
Part I and Part IIIA
NONE

III. D - Expenditures By Program (optional)
NONE

Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE

IV. B - Expenditures by Object Or Purpose
NONE

IV. C - Capital Budget Breakout
Identify acquisition and construction costs not reflected elsewhere on the fiscal note and describe potential financing methods
NONE

IV. D - Capital FTE Detail: List FTEs by classification and corresponding annual compensation . Totals need to agree with total FTEs in
Part IVB

NONE

Legal service plans 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 171,494.00 Request # 22-28-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 5810 SB
Part V: New Rule Making Required

Legal service plans 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 171,494.00 Request # 22-28-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 5810 SB

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