SB23 Summary

• Establishes a maximum of 190 regular employees for the Department of Commerce - State Insurance Department for fiscal year 2024-2025, with authorized "Extra Help" of up to 19 temporary or part-time employees

• Appropriates $15,379,408 from the State Insurance Department Trust Fund for operations including $8,091,957 in regular salaries, $2,913,677 in personal services matching, and $956,000 in professional services

• Appropriates additional funds for specialized divisions including $943,027 for Fraud Investigation Unit, $602,570 for Funeral Services, and $437,173 for Prepaid Funeral Benefits Division

• Appropriates $100.156 million total from various funds for employee claims ($16.5 million state, $400,000 public school, $200,000 county, $400,000 city), insurance programs ($60 million for multi-agency and public school programs), and other initiatives including $3.2 million for healthcare transparency database and $10 million for cyber response program

• Effective July 1, 2024, with emergency clause and provisions allowing transfer of unused salary funds to professional services with Chief Fiscal Officer approval when examination personnel cannot be fully staffed