SB3905 Summary

• Appropriates $47,144,200 total ($43,598,700 from state funds and $3,545,500 from federal funds) to the Department of Insurance for fiscal year beginning July 1, 2012

• Allocates $18,042,800 from the Insurance Producer Administration Fund for producer administration operations including personal services ($8,025,000), retirement contributions ($3,048,500), and group insurance ($2,645,000)

• Allocates $20,722,100 from the Insurance Financial Regulation Fund for financial regulation division operations including personal services ($10,080,000) and retirement contributions ($3,829,100)

• Appropriates $1,680,500 from the Public Pension Regulation Fund for pension division operations and $3,545,500 from the Senior Health Insurance Program Fund for Senior Health Insurance Program administration

• Appropriates $950,000 from the Illinois Workers' Compensation Commission Operations Fund for Insurance Fraud Division anti-fraud program operations and $100,000 for actuarial expenses