Multiple Agency Fiscal Note Summary — 5797 SB, Authorized insurer fines (Final 1/10/2024)
Summary
Multiple Agency Fiscal Note Summary for 5797 SB, titled Authorized insurer fines, published Final 1/10/2024, listing the Office of Attorney General and the Office of Insurance Commissioner. The summary shows estimated cash receipts of NONE and zeros in the operating and capital budget columns. The Individual State Agency Fiscal Note for the 100-Office of Attorney General is marked No Fiscal Impact. Its narrative states that SB 5797 amends RCW 48.05.185 to remove the minimum fine of $250 and increase the maximum fine from $10,000 to $25,000, and that no costs are included in the request.
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“Multiple Agency Fiscal Note Summary — 5797 SB, Authorized insurer fines (Final 1/10/2024).”
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, SHA-256 fad9532104ab4d7d19f61a737d570f942623c5aae9ebf48ca332fa949dd82fce.Full text
Multiple Agency Fiscal Note Summary
Bill Number: 5797 SB Title: Authorized insurer fines
Estimated Cash Receipts
NONE
Estimated Operating Expenditures
Agency Name 2023-25 2025-27 2027-29
FTEs GF-State NGF-Outlook Total FTEs GF-State NGF-Outlook Total FTEs GF-State NGF-Outlook Total
Office of Attorney .0 0 0 0 .0 0 0 0 .0 0 0 0
General
Office of Insurance .0 0 0 0 .0 0 0 0 .0 0 0 0
Commissioner
Total $ 0.0 0 0 0 0.0 0 0 0 0.0 0 0 0
Estimated Capital Budget Expenditures
Agency Name 2023-25 2025-27 2027-29
FTEs Bonds Total FTEs Bonds Total FTEs Bonds Total
Office of Attorney .0 0 0 .0 0 0 .0 0 0
General
Office of Insurance .0 0 0 .0 0 0 .0 0 0
Commissioner
Total $ 0.0 0 0 0.0 0 0 0.0 0 0
Estimated Capital Budget Breakout
NONE
Prepared by: Jason Brown, OFM Phone: Date Published:
(360) 742-7277 Final 1/10/2024
FNPID 68924
:
FNS029 Multi Agency rollup
Individual State Agency Fiscal Note
Bill Number: 5797 SB Title: Authorized insurer fines Agency: 100-Office of Attorney
General
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: 01/05/2024
Agency Preparation: Dave Merchant Phone: 360-753-1620 Date: 01/10/2024
Agency Approval: Edd Giger Phone: 360-586-2104 Date: 01/10/2024
OFM Review: Val Terre Phone: (360) 280-3973 Date: 01/10/2024
Form FN (Rev 1/00) 189,556.00 Request # 029-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 5797 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.
Section 1 – Amends RCW 48.05.185 to remove the lower limit on fines imposed on insurers by the Office of the Insurance
Commissioner (OIC) and increasing the upper limit.
The AGO Solicitor General Office Division (SGO) has reviewed this bill and determined it will not increase or decrease the
division’s workload. Therefore, no costs are included in this request.
The AGO Government Compliance and Enforcement Division (GCE) has reviewed this bill and determined it will not
increase or decrease the division’s workload in representing the Office of Insurance Commissioner.
SB 5797 amends RCW 48.05.185 to update the authorized fines (set in 1980) the OIC may levy on authorized insurers in
addition to or in lieu of suspension, revocation or refusal to renew their certificate of authority. The bill removes the
minimum fine of $250 and increases the maximum fine from $10,000 to $25,000. GCE provides legal advice and litigation
support to OIC, including bringing civil suits to recover unpaid fines under RCW 48.05.185. Levying fines is an internal duty
for OIC, and will not result in any increase in legal services GCE provides to OIC. Therefore, no costs are included in this
request.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished 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: FTEs listed by classification and corresponding annual compensation. Totals 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
Authorized insurer fines 100-Office of Attorney General
Form FN (Rev 1/00) 189,556.00 Request # 029-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 5797 SB
IV. B - Expenditures by Object Or Purpose
NONE
IV. C - Capital Budget Breakout
Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
NONE
IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.
NONE
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
Authorized insurer fines 100-Office of Attorney General
Form FN (Rev 1/00) 189,556.00 Request # 029-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 5797 SB
Individual State Agency Fiscal Note
Bill Number: 5797 SB Title: Authorized insurer fines 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: 01/05/2024
Agency Preparation: Andrew Davis Phone: 360-725-7170 Date: 01/10/2024
Agency Approval: Joyce Brake Phone: 360-725-7041 Date: 01/10/2024
OFM Review: Jason Brown Phone: (360) 742-7277 Date: 01/10/2024
Form FN (Rev 1/00) 188,796.00 Request # 24-10-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 5797 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.
Section 1 changes the Office of Insurance Commissioner’s (OIC) authority to levy a fine upon an insurer from a minimum
of $250 and maximum of $10,000 to no set minimum and a maximum of $25,000.
The OIC does not anticipate an overall change in how it determines the amount of the fines levied against insurers.
Therefore, no fiscal impact.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished 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: FTEs listed by classification and corresponding annual compensation. Totals 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
Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
NONE
IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.
NONE
Authorized insurer fines 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 188,796.00 Request # 24-10-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 5797 SB
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
Authorized insurer fines 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 188,796.00 Request # 24-10-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 5797 SB
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