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Budget Recommendations

Consumer Affairs and Business Regulation

 
Consumer Affairs and Business Regulation
 
FISCAL YEAR 2007 RESOURCE SUMMARY ($000)
DEPARTMENT
FY 2007
Budgetary
Recommendations

FY 2007
Federal, Trust,
and ISF

FY 2007
Total
Spending

FY 2007
Budgetary
Non-Tax Revenue

Division of Insurance 10,717  2,515  13,232  59,961 

TOTAL       10,717  2,515    13,232  59,961 
 
Division of Insurance 13,231,997
 
No related outside sections
 
Budgetary Direct Appropriations 10,716,896
Direct Appropriations  
 
 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 10,716,896
 
Trust and Other Spending 2,515,101
 
   7006-0031   Prudential Insurance Settlement Trust 34,392
 
   7006-0032   Hancock Settlement Trust 33,646
 
   7006-0037   Ancillary Receivership Trust 22,111
 
   7006-0038   AAA Life Insurance Settlement Trust 2,640
 
   7006-0039   UNUM Provident Settlement Trust 591,468
 
   9222-7500   Medical Malpractice Analysis Bureau 520,401
 
   9222-7650   Workers' Compensation Rating Bureau Trust Fund 895,130
 
   9222-7900   State Rating Bureau Medical Malpractice Insurance Trust 415,313