HB3958 Summary

• Appropriates $49,782,500 in Other State Funds to the Department of Insurance for fiscal year beginning July 1, 2017

• Allocates $21,338,000 from Insurance Producer Administration Fund for personal services, employee retirement contributions, group insurance, contractual services, travel, equipment, and data processing

• Allocates $23,161,000 from Insurance Financial Regulation Fund for similar operational expenses including $10,150,000 for personal services

• Provides $1,983,500 from Public Pension Regulation Fund for Pension Division operations and $950,000 from Illinois Workers' Compensation Commission Operations Fund for Insurance Fraud Division anti-fraud program

• Includes additional appropriations of $1,000,000 for Get Covered Illinois program, $250,000 for agency operations, and $100,000 for George Bailey Memorial Program

• Takes effect July 1, 2017, contingent upon Senate Bill 2063 (Unbalanced Budget Response Act) becoming law