Bill > HB5513

This bill appropriates $77,771,400 for the Department of Insurance and Financial Services for the fiscal year ending September 30, 2025. * **Departmental Administration and Support:** $7,564,200 is appropriated for administrative functions, including salaries for unclassified and classified positions, administrative hearings, department services, executive director programs, property management, and worker's compensation. This funding comes from various interdepartmental grants and special revenue funds, including bank fees, captive insurance regulatory and supervision fund, consumer finance fees, credit union fees, deferred presentment service transaction fees, insurance bureau fund, insurance continuing education fees, insurance licensing and regulation fees, and the MBLSLA fund. * **Insurance and Financial Services Regulation:** $67,588,100 is appropriated for the core regulatory functions of the department, including consumer services and protection, financial institutions evaluation, and insurance evaluation. This funding is primarily derived from federal revenues and a variety of special revenue funds such as bank fees, captive insurance regulatory and supervision fund, consumer finance fees, credit union fees, deferred presentment service transaction fees, insurance bureau fund, insurance continuing education fees, insurance licensing and regulation fees, and the MBLSLA fund. * **Information Technology:** $2,369,100 is appropriated for information technology services and projects. This funding is sourced from interdepartmental grants and various special revenue funds, including bank fees, captive insurance regulatory and supervision fund, consumer finance fees, credit union fees, deferred presentment service transaction fees, insurance bureau fund, insurance continuing education fees, insurance licensing and regulation fees, and the MBLSLA fund. * **One-Time Appropriations:** $250,000 is appropriated for an insurance complaints and health care appeals outreach campaign, funded by insurance licensing and regulation fees. * **Contingency Authorizations:** The bill also includes contingency authorizations of up to $200,000 for federal funds and up to $1,000,000 for state restricted funds, which can be transferred to other line items as needed.