0845 Department of Insurance
Major Program Changes
  • Tax Collection - The Governor's Budget includes a shift of $2.122 million from Insurance Fund to General Fund for insurance premium tax collection activities performed by the Department of Insurance. The funding for this program is now consistent with other General Fund tax collection programs.

  • Workers' Compensation Insurance Fraud - The Governor's Budget includes $4.02 million Insurance Fund for local assistance to aid District Attorneys in the prosecution of workers' compensation fraud.

  • Consumer Protection - The Governor's Budget includes $750,000 Insurance Fund for local assistance to combat life insurance and annuity financial abuse, with a focus on senior citizens.

  • Administrative Hearings - The Governor's Budget includes $475,000 and 4.8 positions to address increased administrative hearing workload resulting from rate regulation changes.

  • Communications Infrastructure - The Governor's Budget includes $137,000 Insurance Fund to continue 1.4 positions to support the Department of Insurance's Telecommunications Infrastructure Replacement Project.

  • Americans with Disabilities Act (ADA) Compliance - The Governor's Budget includes $83,000 Insurance Fund for a two-year period to address the Department of Insurance's ADA compliance needs.

  • Transaction Fees - The Governor's Budget includes $120,000 Insurance Fund to offset increased credit card transaction costs resulting from increased usage of the Department of Insurance's online services.