SB 1512 Summary

• Appropriates $0.00 to the Insurance Department for fiscal year ending June 30, 2011, across all budget categories (Administration, Regulatory/Enforcement, and Federal Programs)

• Sets budgetary limitations of 0.0 full-time-equivalent employees and $0.00 for lease-purchase agreements for the Insurance Department

• Authorizes the Insurance Commissioner to set duties and compensation for department employees as necessary to perform statutory obligations

• Becomes effective September 1, 2010