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F I S C A L I M P A C T R E P O R T
SPONSOR King
DATE TYPED 1/26/05
HB 76
SHORT TITLE Insurance Fraud Investigator Powers
SB
ANALYST Rosen
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
NFI
$1.2 Recurring Insurance Fraud
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
Responses Received From
Public Regulation Commission (PRC)
SUMMARY
Synopsis of Bill
House Bill 76 amends Section 59A-16C-11 to allow the Superintendent of Insurance’s certified,
commissioned peace officer investigators to carry firearms in the performance of their duties.
Significant Issues
PRC Commissioners will have to consider and approve policies to govern the use of firearms by
the Superintendent’s investigators.
FISCAL IMPLICATIONS
PRC indicates the fiscal impact in FY06 will be minimal with anticipated cost to be approxi-
mately $1.2 annually for training, ammunition and weapon maintenance. PRC notes the Insur-
ance Fraud bureau’s risk management insurance premium is already set at the same rate as any
other law enforcement agency.
ADMINISTRATIVE IMPLICATIONS
PRC management will be required to assure continued certification of investigators.