Excess liability account.

05LSO-0661.L1

                                                         

CORRECTED COPY

 

FISCAL NOTE

 

This bill contains an appropriation of $5,000,000 from the BUDGET RESERVE ACCOUNT to the proposed Wyoming Excess Liability Account. This appropriation is effective immediately.

 

This bill contains an appropriation of $50,000 from the GENERAL FUND to the Insurance Department to conduct an actuarial study to consider the benefits of reinsurance and to estimate the anticipated annual cost and terms of reinsurance under this act.

 

Any additional fiscal or personnel impact is not determinable due to insufficient time to complete the fiscal note process.