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Nevada_Executive_Budget_2013-2015

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B&I - INSURANCE REGULATION<br />

504-3813<br />

M300 ADJUSTMENTS TO FRINGE BENEFITS RATES<br />

This request reflects changes to fringe benefits rates.<br />

2011-2012<br />

ACTUAL<br />

2012-<strong>2013</strong><br />

WORK<br />

PROGRAM<br />

<strong>2013</strong>-2014<br />

AGENCY<br />

REQUEST<br />

<strong>2013</strong>-2014<br />

GOVERNOR<br />

RECOMMENDS<br />

2014-<strong>2015</strong><br />

AGENCY<br />

REQUEST<br />

2014-<strong>2015</strong><br />

GOVERNOR<br />

RECOMMENDS<br />

RESOURCES:<br />

BALANCE FORWARD FROM PREVIOUS YEAR 0 0 0 0 0 106<br />

TOTAL RESOURCES: 0 0 0 0 0 106<br />

EXPENDITURES:<br />

PERSONNEL 0 0 0 -106 0 146,299<br />

RESERVE 0 0 0 106 0 -146,193<br />

TOTAL EXPENDITURES: 0 0 0 0 0 106<br />

M804 COST ALLOCATION<br />

This request funds the Director's Office per the Business and Industry cost allocation plan.<br />

2011-2012<br />

ACTUAL<br />

2012-<strong>2013</strong><br />

WORK<br />

PROGRAM<br />

<strong>2013</strong>-2014<br />

AGENCY<br />

REQUEST<br />

<strong>2013</strong>-2014<br />

GOVERNOR<br />

RECOMMENDS<br />

2014-<strong>2015</strong><br />

AGENCY<br />

REQUEST<br />

2014-<strong>2015</strong><br />

GOVERNOR<br />

RECOMMENDS<br />

RESOURCES:<br />

BALANCE FORWARD FROM PREVIOUS YEAR 0 0 0 0 -45 -8,810<br />

TOTAL RESOURCES: 0 0 0 0 -45 -8,810<br />

EXPENDITURES:<br />

TRANS TO DEPT OF B&I 0 0 45 8,810 45 22,613<br />

RESERVE 0 0 -45 -8,810 -90 -31,423<br />

TOTAL EXPENDITURES: 0 0 0 0 -45 -8,810<br />

ENHANCEMENT<br />

E226 EFFICIENT AND RESPONSIVE STATE GOVERNMENT<br />

This request restores revenue anticipated for the Insurance Fraud Assessments. There was a lawsuit decision in the <strong>Nevada</strong> 1st District Court, based on NRS 679B, that was determined<br />

Insurance Companies who have a license to issue insurance policies in <strong>Nevada</strong>, but write no premiums during the calendar year, are not required to pay the $500 Insurance Fraud assessment<br />

as they had been paying each year. The division is projecting there will be a decrease of 369 companies required to pay the Insurance Fraud assessment due to this decision. A Bill Draft<br />

Request has been submitted to support this request, it revises the language to clarify that even those companies that do not write premiums in <strong>Nevada</strong> throughout the year are required to pay<br />

the Insurance Fraud Assessment . BDR 57-350 (DOA# 13A7411069). Eighty-five percent of the assessments collected is transferred to the Attorney Generals Office.<br />

2011-2012<br />

ACTUAL<br />

2012-<strong>2013</strong><br />

WORK<br />

PROGRAM<br />

<strong>2013</strong>-2014<br />

AGENCY<br />

REQUEST<br />

<strong>2013</strong>-2014<br />

GOVERNOR<br />

RECOMMENDS<br />

2014-<strong>2015</strong><br />

AGENCY<br />

REQUEST<br />

2014-<strong>2015</strong><br />

GOVERNOR<br />

RECOMMENDS<br />

RESOURCES:<br />

BALANCE FORWARD FROM PREVIOUS YEAR 0 0 0 0 0 27,675<br />

DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 30<br />

B&I - INSURANCE DIVISION

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