Fiscal Note — 1230 HB, Disability insurer filings (Office of Insurance Commissioner)

Summary

An Individual State Agency Fiscal Note for Bill Number 1230 HB, titled Disability insurer filings, prepared for the 160-Office of Insurance Commissioner. Part I marks "No Fiscal Impact" and lists estimated cash receipts, operating expenditures and capital budget impact as NONE. The narrative states that the bill allows insurers to make one filing for group disability income products instead of multiple single case filings for each experience rated group client, and that it does not add new work or change how the OIC reviews rate filings. Agency preparation is dated 01/14/2025 and the OFM review is dated 01/16/2025.

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“Fiscal Note — 1230 HB, Disability insurer filings (Office of Insurance Commissioner).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-03-19-a33054-d284686-1230-hb-fn-final-01-16-25-cbfaf5766b/, SHA-256 82e1d1f3d70d56b64395da46ac9d7ca97b7daa9a721a3d354c29e2693c6a5d5b.

Full text

Individual State Agency Fiscal Note

Bill Number: 1230 HB Title: Disability insurer filings 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: Megan Mulvihill Phone: 360-786-7304 Date: 01/13/2025
Agency Preparation: Tyler Langford Phone: 360-725-7173 Date: 01/14/2025
Agency Approval: Joyce Brake Phone: 360-725-7041 Date: 01/14/2025
OFM Review: Jason Brown Phone: (360) 742-7277 Date: 01/16/2025

Form FN (Rev 1/00) 196,785.00 Request # 25-11-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 1230 HB
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.

No fiscal impact. The bill allows insurers to make one filing for group disability income products instead of multiple single
case filings for each experience rated group client. This bill does not add new work or change how the OIC reviews rate
filings.
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

Disability insurer filings 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 196,785.00 Request # 25-11-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 1230 HB
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.

Disability insurer filings 160-Office of Insurance Commissioner
Form FN (Rev 1/00) 196,785.00 Request # 25-11-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 1230 HB

File and source

File: 2025-03-19_a33054_d284686_1230-hb-fn-final-01-16-25.pdf
Size: 90,433 bytes
SHA-256: 82e1d1f3d70d56b64395da46ac9d7ca97b7daa9a721a3d354c29e2693c6a5d5b
Our copy: 2025-03-19_a33054_d284686_1230-hb-fn-final-01-16-25.pdf
Original: No public link identified.