FINANCIAL SERVICES COMMISSION (Program); OFFICE OF INSURANCE REGULATION; COMPLIANCE AND ENFORCEMENT - INSURANCEGovernor's Recommendations
2022-23
Current Year Budget
2021-22
Difference
DollarsPositionsDollarsPositionsDollarsPositions
$30,271,524246.00$29,916,833244.00$354,6912.00
 

 
Policy Area:  REGULATION AND LICENSING
Issue:            ELIMINATE SCANNING UNIT - OFFICE OF INSURANCE REGULATION

Justification
Governor's Recommendations 2022-23
The Governor's Budget Recommendation for Fiscal Year 2022-23 includes a reduction of two OPS positions and $34,944 Insurance Regulatory Trust Fund authority to eliminate the scanning unit. The Office of Insurance Regulation (OIR) created the scanning unit three years ago to start scanning and cataloging many different types of documents such as charter files, title insurance documents, financial examination reports, and financial statements. The scanning unit utilizes the OPS category to hire temporary staff. This reduction would eliminate 2 full-time OPS employees and has a minimal impact on OIR. This issue was requested in the OIR's Schedule VIIIB-2.