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Budget Summary FY2015

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Division of Insurance
Data Current as of:  10/17/2014





FISCAL YEAR 2015 BUDGET SUMMARY ($000)
ACCOUNT FY2015
Conference
FY2015
Vetoes
FY2015
Overrides
FY2015
GAA
Division of Insurance 13,612 0 0 13,612
Health Care Access Bureau Assessment 1,100 0 0 1,100
TOTAL    14,712 0 0 14,712

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account description amount
DIVISION OF INSURANCE 17,192,080
7006-0020 Division of Insurance
For the operation of the division of insurance, including the expenses of the board of appeal on motor vehicle policies and bonds, the associated fringe benefits costs for personnel paid from this item, certain other costs of supervising motor vehicle liability insurance and the expenses of the fraudulent claims board; provided, that notwithstanding any general or special law to the contrary, 100 per cent of the amount appropriated in this item and the associated fringe benefits costs for personnel paid from this item shall be assessed upon the institutions which the division currently regulates under general or special laws or regulations, except for licensed business entity producers; and provided further, that the assessment shall be in addition to any and all assessments currently assessed upon said institutions
13,612,080
7006-0029 Health Care Access Bureau Assessment
For the operation of the health care access bureau in the division of insurance; provided, that the full amount appropriated in this item, as well as the associated fringe benefits costs for personnel paid from this item, shall be assessed upon the carriers licensed under chapters 175, 176A, 176B, and 176Gof the General Laws, as provided in section 7A of chapter 26 of the General Laws
1,100,000

account description amount
Federal Grant Spending 2,480,000
7006-6001 Health Insurance Rate Review
For the purposes of a federally funded grant entitled, Grants to Support States in Health Insurance Rate Review Grant Cycle III
1,480,000
7006-6002 Health Insurance Rate Review C3
For the purposes of a federally funded grant entitled, Grants to Support States in Health Insurance Rate Review Grant Cycle II
1,000,000

account description amount