COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3045-02
Bill No.: SB 656
Subject: Insurance - General; Insurance Department
Type: Original
Date: December 26, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Local Government | |||
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Department of Insurance, the Department of Conservation, the Department of Transportation, the Department of Public Safety - Missouri State Highway Patrol, the Department of Social Services, and the Missouri Consolidated Health Care Plan assume this proposal would not fiscally impact their agencies.
| FISCAL IMPACT - State Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This proposal states that if insurance policies or advertising materials are printed in a language other than English, the English version of the contract filed with the Department of Insurance would govern in a potential dispute.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Insurance
Department of Conservation
Department of Transportation
SOURCES OF INFORMATION (continued)
Department of Public Safety
Missouri State Highway Patrol
Department of Social Services
Missouri Consolidated Health Care Plan
Jeanne Jarrett, CPA
Director
December 26, 2001