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124th MAINE LEGISLATURE |
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LD 290 |
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LR 276(02) |
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An Act To Allow
Maine Residents To Purchase Health Insurance from Out-of-state Insurers |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Insurance and Financial Services |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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2009-10 |
2010-11 |
Projections 2011-12 |
Projections 2012-13 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$124,670 |
$207,000 |
$216,582 |
$226,740 |
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| Revenue |
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Other Special Revenue Funds |
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$127,231 |
$212,122 |
$221,705 |
$231,862 |
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| Fiscal Detail and Notes |
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| Fiscal Detail
and Notes |
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Provides
an Other Special Revenue Funds allocation of $124,670 in 2009-10 and $207,000
in 2010-11 to the Bureau of Insurance in the Department of Professional and
Financial Services for the costs of implementing and administering the bill's
provisions permitting out-of-state carriers to offer health insurance
policies to Maine residents including the costs of one half-time Attorney
position, one Insurance Claims Examiner position, and one part-time Public
Service Manager 1 position. Revenues
will be generated through assessment of insurers and health maintenance
organizations. |
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The Department of
the Attorney General will incur some minor additional costs. These costs can be supported utilizing
existing budgeted resources. |
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