This is not the official budget document.

Budget Summary FY2009

70060020 - Division of Insurance
Data Current as of:  6/22/2009





Account Description FY2009
GAA
FY2009  
Total  
Spending
  
7006-0020 Division of Insurance
For the operation of the division of insurance, including the expenses of the board of appeal on motor vehicle liability policies and bonds and certain other costs of supervising motor vehicle liability insurance and the expenses of the fraudulent claims board; provided, that the positions of counsel I and counsel II shall not be subject to chapter 31 of the General Laws; provided further, that contracts or orders for the purchase of statement blanks for the making of annual reports to the commissioner of insurance shall not be subject to the restrictions prescribed by section 1 of chapter 5 of the General Laws; provided further, that the division shall maintain a phone system in its western Massachusetts office that shall immediately transfer calls made to that office to the consumer assistance office in the city of Boston during any business hours when the western Massachusetts office is closed; provided further, that the division shall have an employee or other person answering all initial incoming telephone calls, excluding all direct in-dial calls, between the hours of 9:00 a.m. and 5:00 p.m.; provided further, that the division shall designate an employee to handle all incoming calls relative to chapter 218 of the acts of 1995 or regulations promulgated under section 51 of chapter 111 of the General Laws; 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 except for licensed business entity producers under powers granted to the division by general or special law or regulation; and provided further, that such assessment shall be in addition to any assessments that the division currently assesses upon such institutions and shall be made at a rate sufficient to produce $11,132,928 in additional revenue that will pay for this item
11,132,928 10,295,281  

 
 
HISTORICAL SPENDING CATEGORIES ($000)
column definitions
SPENDING CATEGORY
FY2005
Expended

FY2006
Expended

FY2007
Expended

FY2008
Expended

FY2009
GAA
FY2009
Budget
Reductions
Wages & Salaries 6,843 7,522 8,069 8,013 8,169 -836
Employee Benefits 270 279 262 248 245 -2
Operating Expenses 2,026 1,780 2,220 2,446 2,719 0
TOTAL 9,138 9,580 10,552 10,707 11,133 -838

 

FY2009 Spending Category Chart

Pie Chart: Wages & Salaries=74%, Employee Benefits=2%, Operating Expenses=24%