HB5685 Summary

• Appropriates $114,439,900 total for the Department of Insurance fiscal year beginning July 1, 2024, from multiple dedicated funds

• Allocates $30,221,900 from the Insurance Producer Administration Fund for producer administration operations including $12,465,500 for personal services and supporting expenses

• Allocates $33,836,400 from the Insurance Financial Regulation Fund for financial regulation operations including $14,400,000 for personal services

• Provides specific appropriations for Get Covered Illinois ($6,000,000), Workers' Compensation Fraud Unit IT System ($6,000,000), healthcare feasibility study implementation ($17,800,000), and Division of Healthcare Access ($1,200,000)

• Takes effect July 1, 2024