Department of Insurance

Department of Insurance

Analysis as of February 8, 2000:

According to the Assembly and Senate the $2.5 million increase in the department’s budget includes:

$1.4 million for increases in personal service; no other detail is provided but we assume this is for the cost of promotions and advances;

$250,000 increase in the sub-allocation provided to the Department of State that carries out the department’s enforcement code, which includes the State Building code, and Fire Prevention code.

the elimination of a $428,000 appropriation for the empire review Panel, which is scheduled to sunset April 1,2000.

The Executive also proposes in an Article VII bill to provide the Superintendent of Insurance with permanent authorization to advance money from the Property/Casualty Fund in order to rehabilitate domestic property casualty insurers.

The Executive Budget recommends (analysis as of January 20, 2000):

A reduction of 2 ASAFL positions in the Regulation program for a total of 944 ASAFL positions, the same number of total positions that GOER reports for the department. GOER reports that these positions will be eliminated through attrition.

There is an overall increase of $2,548,500 in the department’s State Operations budget, $2,097,100 of which is in the Regulation program. The vast majority of these increases are for personal services and fringe benefits in all three of the department’s programs. It is unclear what these personal service increases are for since the department is losing two positions.

Department of Insurance
Program Details-State Operations
	Enacted	Proposed	Change in	Percent
Program	1999-00 Budget	2000-01 Budget	Appropriation	Change
All Funds	$98,521,000	$101,069,500	$2,548,500	2.6%
Special Revenue-Other	$98,521,000	$101,069,500	$2,548,500	2.6%

Administration	$10,080,800	$10,228,300	$147,500	1.5%
Personal Services	$7,010,100	$7,086,500	$76,400	1.1%
Non-Personal Services	$676,600	$703,200	$26,600	3.9%
Fringe benefits	$2,069,100	$2,140,100	$71,000	3.4%
Indirect Costs	$325,000	$298,500	($26,500)	-8.2%

Consumer Services	$6,601,800	$6,905,700	$303,900	4.6%
Personal Service	$4,638,900	$4,871,100	$232,200	5.0%
Nonpersonal Service	$424,000	$445,400	$21,400	5.0%
Fringe Benefits	$1,326,400	$1,392,200	$65,800	5.0%
Indirect Costs	$212,500	$197,000	($15,500)	-7.3%

Regulation	$81,838,400	$83,935,500	$2,097,100	2.6%
Personal Service	$38,181,400	$39,159,200	$977,800	2.6%
Nonpersonal Service	$16,226,300	$16,717,900	$491,600	3.0%
Fringe Benefits	$11,222,100	$11,757,400	$535,300	4.8%
Maintenance Undist.	$14,445,900	$14,337,500	($108,400)	-0.8%
Indirect Costs	$1,762,700	$1,662,700	($100,000)	-5.7%
Special Revenue-Other	$0	$300,800	$300,800	100.0%

Last Updated on 02/03/00