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| SPONSOR: | Leavell | DATE TYPED: | 02/10/00 | HB | |||
| SHORT TITLE: | PRC Insurance Division Exempt Employees | SB | 145/aSPAC | ||||
| ANALYST: | Valenzuela | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY00 | FY01 | FY00 | FY01 | ||
| $ 80.0 | $ 80.0 | Recurring | General Fund | ||
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
LFC Files
Office of the Attorney General (AG)
Public Regulation Commission (PRC)
SUMMARY
Synopsis of SPAC Amendment
The Senate Public Affairs Committee amendment eliminates hearing examiners from the list of job titles of which the PRC Insurance Division may declare as exempt, rather than classified state employees. The amendment would reduce the fiscal impact by no more than $20.0.
Synopsis of Original Bill
Senate Bill 145 authorizes the Superintendent of Insurance, with the consent of the Public Regulation Commission (PRC) Chief of Staff, to designate hearing examiners, deputy superintendents, chief actuaries, and bureau chiefs as exempt positions within the Insurance Division.
Significant Issues
The primary problem PRC faces, with respect to this bill, is that it is unable to attract qualified actuaries to join the staff because the salary is significantly lower than the market is paying outside of state government. By changing the actuarial positions to exempt, the Insurance Division will be able to provide qualified candidates with a salary more commensurate with the market offering. However, the bill does not address other actuarial positions within the division, such as senior and junior actuary positions. It only addresses the salary for one position: the chief actuary.
FISCAL IMPLICATIONS
The bill could apply to as many as 15 positions with the Insurance Division of PRC, which means that if enacted, these positions would be available to receive increases in their salaries. The estimated fiscal impact would be roughly $100.0.
MFV/njw:gm