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Budget Recommendations

Consumer Affairs and Business Regulation

Economic Development
     Consumer Affairs and Business Regulation
         Division of Insurance
Account Description
FY06
GAA
FY07
House 2
 
Division of Insurance  
   7006-0020   For the operation of the division of insurance, including the expenses of the board of appeal on motor vehicle policies and bonds, certain other costs of supervising motor vehicle liability insurance, and the expenses of the fraudulent claims board; provided further, that notwithstanding any general or special law to the contrary, 100 per cent of the amount appropriated in this item shall be assessed upon the institutions which the division currently regulates pursuant to powers granted to the division by the General Laws, a special law, or state regulations, except for licensed business entity producers; and provided further, that said assessment shall be in addition to any and all assessments currently assessed upon the institutions and shall be made at a rate sufficient to produce $10,716,896 in additional revenue to fund this item 10,026,621 10,716,896