121st Maine Legislature
Office of Fiscal and Program Review
LD 1522
An Act To Establish Fee Caps under the Maine Insurance Code      
LR 1920(01)
Fiscal Note for Original Bill
Sponsor:  Sen. Turner of Cumberland
Committee: Insurance and Financial Services
Fiscal Note Required: No
   
             
Fiscal Note
Minor cost increase - Other Special Revenue Funds
Fiscal Detail and Notes
Any costs to the Department of Professional and Financial Regulation to implement this bill can be absorbed utilizing existing resources.  Giving the Superintendent the authority to reduce fees by rulemaking below the caps established in the bill could result in a reduction in fee revenue to the Bureau of Insurance, a change in the mix of the Bureau's revenue between fee and assessment revenue, and\or a change in the Bureau's fund balances.