Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

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Division of Insurance




Fiscal Year 2016 Resource Summary ($000)
DEPARTMENT FY 2016
Budgetary
Recommendations
FY 2016
Federal, Trust,
and ISF
FY 2016
Total
Spending
FY 2016
Budgetary
Non-Tax Revenue
Division of Insurance 15,512 1,495 17,007 98,946

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account description amount
DIVISION OF INSURANCE 17,007,015
Budgetary Direct Appropriations 15,511,732
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
14,411,732
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
Trust and Other Spending 1,495,283
7006-0009 Allocation of AIB Funds Trust 311,000
9222-7500 Medical Malpractice Analysis Bureau 234,283
9222-7650 Workers' Compensation Rating Bureau Trust Fund 600,000
9222-7900 State Rating Bureau Medical Malpractice Insurance Trust 350,000


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