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Division of Insurance
| DEPARTMENT | FY2012 Budgetary Recommendations |
FY2012 Federal, Trust, and ISF |
FY2012 Total Spending |
FY2012 Budgetary Non-Tax Revenue |
|---|---|---|---|---|
| Division of Insurance | 12,831 | 2,378 | 15,209 | 82,302 |
| account | description | amount |
|---|---|---|
| DIVISION OF INSURANCE | 15,209,410 | |
| Budgetary Direct Appropriations | 12,831,274 | |
| 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 and the associated fringe benefits costs for personnel paid from this item and certain other costs of supervising motor vehicle liability insurance and the expenses of the fraudulent claims board; provided, that the positions of counsel I and counsel II shall not be subject to chapter 31 of the General Laws; provided further, that notwithstanding any general or special law to the contrary, 100 per cent of the amount appropriated in this item, and the associated fringe costs of 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 the institutions |
11,731,274 |
| 7006-0029 | Health Care Access Bureau Assessment
For the operation of the health care access bureau of the division of insurance; provided, that under section 7A of chapter 26 of the General Laws, 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 176G of the General Laws |
1,100,000 |
| account | description | amount |
|---|---|---|
| Federal Grant Spending | 1,000,000 | |
| 7006-6000 | Health Insurance Premium Revenue
For the purposes of a federally funded grant entitled, Health Insurance Premium Revenue |
1,000,000 |
| account | description | amount |
|---|---|---|
| Trust and Other Spending | 1,378,136 | |
| 7006-0009 | Allocation of Auto Insurance Bureau Funds Trust | 272,085 |
| 9222-7500 | Medical Malpractice Analysis Bureau | 151,106 |
| 9222-7650 | Workers' Compensation Rating Bureau Trust Fund | 703,328 |
| 9222-7900 | State Rating Bureau Medical Malpractice Insurance Trust | 251,617 |
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