Date Requested: January 19, 2018
Time Requested: 11:55 AM
Agency: Insurance Commission
CBD Number: Version: Bill Number: Resolution Number:
1792 Introduced HB4230
CBD Subject: Insurance



Sources of Revenue:

Special Fund

Legislation creates:

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

If enacted, HB4230 will have no fiscal impact to the operations, revenues or expenses of the Offices of the Insurance Commissioner.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0

Explanation of above estimates (including long-range effect):

Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.


HB4230 will not have fiscal impact on the Offices of the Insurance Commissioner. The bill is designed to ensure adequate regulation of insurers and reinsurers in order to provide protection to consumers. The legislation amends current requirements concerning credit for reinsurance as reflected on a ceding insurer's annual statement. HB4230 does not impact the OIC from a fiscal prospective.

    Person submitting Fiscal Note: Melinda Ashworth Kiss
    Email Address: