| 122nd MAINE LEGISLATURE | |||||||||
| LD 376 | LR 0448(01) | ||||||||
| An Act To Enhance Uniformity of Insurance Producer Licensing | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Fischer of Presque Isle | |||||||||
| Committee: Insurance and Financial Services | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Current biennium revenue decrease - Other Special Revenue Funds | |||||||||
| Minor cost increase - Other Special Revenue Funds | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Revenue | |||||||||
| Other Special Revenue Funds | ($38,605) | ($132,675) | ($39,918) | ($137,186) | |||||
| Fiscal Detail and Notes | |||||||||
| The bill would eliminate license continuation fees for the limited classes of insurance producers still subject to such fees, resulting in reductions in Other Special Revenue Funds revenue. Any additional costs to the Department of Professional and Financial Regulation in implementing this bill can be absorbed utilizing existing resources. | |||||||||