This bill appropriates additional funds to the Department of Insurance for the fiscal year 2026, specifically from the Insurance Administrative Fund and the Arson, Fire and Fraud Prevention Fund. The total appropriation amounts to $533,400, which includes $365,200 for personnel costs and $6,000 for operating expenditures, along with $162,200 for capital outlay. The funds are designated for the Insurance Regulation and State Fire Marshal programs, covering the period from July 1, 2025, to June 30, 2026.
Additionally, the bill authorizes an increase of two full-time equivalent positions for the Department of Insurance for the same fiscal period. An emergency is declared to exist, allowing the act to take effect on July 1, 2025.