Individual State Agency Fiscal Note, 5262 SB, Insurance statutes

Summary

Individual State Agency Fiscal Note for 5262 SB, titled Insurance statutes, from the Office of Insurance Commissioner, checked No Fiscal Impact, with estimated cash receipts, operating expenditures and capital budget impact all NONE. The narrative says the bill corrects obsolete or erroneous references in the Office of the Insurance Commissioner's statutes. It states that any efforts that result from the bill could be easily absorbed within existing resources.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

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“Individual State Agency Fiscal Note, 5262 SB, Insurance statutes.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-01-30-a32585-d276635-5262-sb-fn-final-01-28-25-43c2d0a99c/, SHA-256 9ab98ccb905ea76dfea5fd3d112c297d4be80f4bc041b0b6166808d572befc5e.

Full text

Individual State Agency Fiscal Note

Bill Number: 5262 SB Title: Insurance statutes 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: John Kim Phone: 360-786-7453 Date: 01/22/2025
Agency Preparation: Dory Nicpon Phone: 360-725-7261 Date: 01/27/2025
Agency Approval: Tom Zuvela Phone: (800) 562-6900 Date: 01/27/2025
OFM Review: Jason Brown Phone: (360) 742-7277 Date: 01/28/2025

Form FN (Rev 1/00) 198,075.00 Request # 25-36-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 5262 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.

This bill corrects obsolete or erroneous references in the Office of the Insurance Commissioner’s (OIC’s) statutes. Any
OIC efforts that result from this bill could be easily absorbed within the OIC’s existing resources.
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.

NONE.

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.

NONE.

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

Insurance statutes 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 198,075.00 Request # 25-36-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 5262 SB
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.

Insurance statutes 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 198,075.00 Request # 25-36-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 5262 SB

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Our copy: 2025-01-30_a32585_d276635_5262-sb-fn-final-01-28-25.pdf
Original: No public link identified.