Nevada_Executive_Budget_2013-2015

Activity: INSURANCE EXAMINATIONS
This activity ensures financial solvency and regulatory compliance of existing companies and the
suitability of new companies seeking to do business in Nevada. Insurance examinations are the
main regulatory tool utilized by the division, which includes Premium Tax Desk Audits on all
authorized or licensed insurance companies in Nevada.
Performance Measures
1. Traditional Exams Conducted
2012 2013 2014 2015
Type: New New Projected Projected
Amount: 105 105
2. Captive Exams in Conjuction with other States
2012 2013 2014 2015
Type: New New Projected Projected
Amount: 12 12
3. Premium Tax Audits
2012 2013 2014 2015
Type: New New Projected Projected
Amount: 120 120
Population / Workload
1. Consumers of Insurance
2012 2013 2014 2015
Type: Projected Projected
Amount: 3,523,688 3,523,688
Resources
Funding FY 2014 FY 2015
Transfers $ 214,402 215,088
FTE 0.00 0.00
Other $ 3,460,364 3,178,423
FTE 11.60 11.60
TOTAL $ 3,674,766 3,393,512
FTE 11.60 11.60
Objectives FY 2014 FY 2015
Regulations (Business
Development and Services)
1,212,673 1,119,859
Compliance (Business
Development and Services)
1,212,673 1,119,859
Tax Collection (Business
Development and Services)
1,249,420 1,153,794
DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 18
B&I - INSURANCE DIVISION