MI
Michigan Senate Bill SB0765

Michigan 2023-2024 Regular Session

Michigan Senate Bill SB0765 Compare Versions

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1-HOUSE Substitute For SENATE BILL NO. 765 A bill to make appropriations for the department of insurance and financial services for the fiscal year ending September 30, 2025; and to provide for the expenditure of the appropriations. the people of the state of michigan enact:
1+Substitute For SENATE BILL NO. 765 A bill to make appropriations for the department of insurance and financial services for the fiscal year ending September 30, 2025; and to provide for the expenditure of the appropriations. the people of the state of michigan enact:
22
33
44
5-HOUSE Substitute For
5+Substitute For
66
77 SENATE BILL NO. 765
88
99 A bill to make appropriations for the department of insurance and financial services for the fiscal year ending September 30, 2025; and to provide for the expenditure of the appropriations.
1010
1111 the people of the state of michigan enact:
1212
13- 1 2 3 4 5 6 7 8 9 part 1 line-item appropriations Sec. 101. There is appropriated for the department of insurance and financial services for the fiscal year ending September 30, 2025, from the following funds: DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES GROSS APPROPRIATION $ 100 State general fund/general purpose $ 100 1 2 3 4 5 6 7 8 9 10 11 part 2 provisions concerning appropriations general sections Sec. 201. In accordance with section 30 of article IX of the state constitution of 1963, for the fiscal year ending September 30, 2025, total state spending under part 1 from state sources is $100.00 and state spending under part 1 from state sources to be paid to local units of government is $0.00. Sec. 202. The appropriations under this part and part 1 are subject to the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594.
13+ 1 2 3 4 5 6 7 8 9 part 1 line-item appropriations Sec. 101. There is appropriated for the department of insurance and financial services for the fiscal year ending September 30, 2025, from the following funds: DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES (1) APPROPRIATION SUMMARY Full-time equated unclassified positions 6.0 Full-time equated classified positions 400.5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 GROSS APPROPRIATION $ 79,271,400 Interdepartmental grant revenues: Total interdepartmental grants and intradepartmental transfers 753,500 ADJUSTED GROSS APPROPRIATION $ 78,517,900 Federal revenues: Total federal revenues 700,000 Special revenue funds: Total local revenues 0 Total private revenues 0 Total other state restricted revenues 77,817,900 State general fund/general purpose $ 0 (2) DEPARTMENTAL ADMINISTRATION AND SUPPORT Full-time equated unclassified positions 6.0 Full-time equated classified positions 23.5 Unclassified salaries--FTEs 6.0 $ 955,500 Administrative hearings 173,700 Department services--FTEs 20.0 4,127,900 Executive director programs--FTEs 3.5 916,800 Property management 1,389,100 Worker's compensation 1,200 GROSS APPROPRIATION $ 7,564,200 Appropriated from: Interdepartmental grant revenues: IDG from MDLARA, for debt management 72,100 Special revenue funds: Bank fees 598,800 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Captive insurance regulatory and supervision fund 57,000 Consumer finance fees 292,000 Credit union fees 985,000 Deferred presentment service transaction fees 265,200 Insurance bureau fund 2,409,700 Insurance continuing education fees 67,500 Insurance licensing and regulation fees 2,036,700 MBLSLA fund 778,900 Multiple employer welfare arrangement 1,300 State general fund/general purpose $ 0 (3) INSURANCE AND FINANCIAL SERVICES REGULATION Full-time equated classified positions 377.0 Consumer services and protection--FTEs 107.0 17,470,600 Financial institutions evaluation--FTEs 140.0 25,574,900 Insurance evaluation--FTEs 130.0 26,042,600 GROSS APPROPRIATION $ 69,088,100 Appropriated from: Interdepartmental grant revenues: IDG from MDLARA, for debt management 656,200 Federal revenues: Federal revenues 700,000 Special revenue funds: Bank fees 6,913,100 Captive insurance regulatory and supervision fund 790,200 Consumer finance fees 2,857,800 Credit union fees 8,798,400 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Deferred presentment service transaction fees 2,371,100 Insurance bureau fund 26,455,100 Insurance continuing education fees 1,022,700 Insurance licensing and regulation fees 11,613,400 MBLSLA fund 6,821,000 Multiple employer welfare arrangement 89,100 State general fund/general purpose $ 0 (4) INFORMATION TECHNOLOGY Information technology services and projects 2,369,100 GROSS APPROPRIATION $ 2,369,100 Appropriated from: Interdepartmental grant revenues: IDG from MDLARA, for debt management 25,200 Special revenue funds: Bank fees 147,300 Captive insurance regulatory and supervision fund 13,700 Consumer finance fees 73,300 Credit union fees 248,900 Deferred presentment service transaction fees 50,000 Insurance bureau fund 466,400 Insurance continuing education fees 9,000 Insurance licensing and regulation fees 1,143,400 MBLSLA fund 191,900 State general fund/general purpose $ 0 (5) ONE-TIME APPROPRIATIONS Auto insurance reform study 250,000 GROSS APPROPRIATION $ 250,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Appropriated from: Special revenue funds: Insurance licensing and regulation fees 250,000 Total other state restricted revenues 250,000 State general fund/general purpose $ 0 part 2 provisions concerning appropriations for fiscal year 2024-2025 general sections Sec. 201. In accordance with section 30 of article IX of the state constitution of 1963, for the fiscal year ending September 30, 2025, total state spending under part 1 from state sources is $77,871,900.00 and state spending from state sources to be paid to local units of government for the fiscal year ending September 30, 2025 is $0.00. Sec. 202. The appropriations authorized under this part and part 1 are subject to the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594. Sec. 203. As used in this part and part 1: (a) "Department" means the department of insurance and financial services. (b) "Director" means the director of the department. (c) "FTE" means full-time equated. (d) "IDG" means interdepartmental grant. (e) "LARA" means the department of licensing and regulatory affairs. (f) "MBLSLA fund" means the restricted account established under section 8 of the mortgage brokers, lenders, and servicers 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 licensing act, 1987 PA 173, MCL 445.1658. (g) "Subcommittees" means the subcommittees of the house of representatives and senate appropriations committees on the department budget. Sec. 204. The department shall use the internet to fulfill the reporting requirements of this part. This requirement includes transmitting reports to required recipients by email and posting the reports on an internet site. Sec. 205. Except as otherwise provided in this part, all reports required under this part must be submitted to the subcommittees, the senate and house fiscal agencies, the senate and house policy offices, and the state budget office. Sec. 206. To the extent permissible under section 261 of the management and budget act, 1984 PA 431, MCL 18.1261, all of the following apply to funds appropriated in part 1: (a) The funds must not be used for the purchase of foreign goods or services, or both, if competitively priced and of comparable quality American goods or services, or both, are available. (b) Preference must be given to goods or services, or both, manufactured or provided by Michigan businesses, if they are competitively priced and of comparable quality. (c) Preference must be given to goods or services, or both, that are manufactured or provided by Michigan businesses owned and operated by veterans, if they are competitively priced and of comparable quality. Sec. 207. The department shall not take disciplinary action against an employee of the department who is in the state classified civil service because the employee communicates with a 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 member of the senate or house or a member's staff, unless the communication is prohibited by law and the department is exercising its authority as provided by law. Sec. 208. Consistent with section 217 of the management and budget act, 1984 PA 431, MCL 18.1217, each department and agency receiving appropriations in part 1 shall prepare a report on out‐of‐state travel expenses not later than January 1. The report must list all travel by classified and unclassified employees outside this state in the preceding fiscal year that was funded in whole or in part with funds appropriated in the department's or agency's budget. The department shall submit the report to the senate and house appropriations committees and to report recipients required in section 213. The report must include all of the following information: (a) The dates of each travel occurrence. (b) The total transportation and related expenses of each travel occurrence and the proportions funded with state general fund/general purpose revenues, state restricted revenues, federal revenues, and with other revenues. Sec. 209. (1) The department shall not use funds appropriated in part 1 to hire a person to provide legal services that are the responsibility of the attorney general. This section does not apply to legal services for bonding activities or to outside legal services that the attorney general authorizes. (2) The department shall make timely reimbursement to the department of the attorney general for legal services provided by the department of the attorney general to the department. If the department fails to make timely reimbursement, the department of 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 the attorney general may increase the amount billed to include a penalty for late reimbursement. As used in this section, "timely reimbursement" means reimbursement not later than 60 days after the department receives a bill for the legal services from the department of the attorney general. Sec. 210. Not later than December 15, the state budget office shall prepare and submit a report that provides estimates of the total general fund/general purpose appropriation lapses at the close of the prior fiscal year. This report must summarize the projected year-end general fund/general purpose appropriation lapses by major departmental program or program areas. The state budget office shall transmit the report to the chairpersons of the senate and house appropriations committees. Sec. 211. (1) In addition to the funds appropriated in part 1, there is appropriated an amount not to exceed $200,000.00 for federal contingency authorization. The funds for federal contingency authorization are not available for expenditure until they have been transferred to another line item in part 1 under section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393. (2) In addition to the funds appropriated in part 1, there is appropriated an amount not to exceed $1,000,000.00 for state restricted contingency authorization. The funds for state restricted contingency authorization are not available for expenditure until they have been transferred to another line item in part 1 under section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393. Sec. 212. The department shall cooperate with the department of technology, management, and budget to maintain a searchable 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 website accessible by the public at no cost that includes, but is not limited to, all of the following for the department: (a) Fiscal-year-to-date expenditures by category. (b) Fiscal-year-to-date expenditures by appropriation unit. (c) Fiscal-year-to-date payments to a selected vendor, including the vendor name, payment date, payment amount, and payment description. (d) The number of active department employees by job classification. (e) Job specifications and wage rates. Sec. 213. Not later than 14 days after the release of the executive budget recommendation, the department shall cooperate with the state budget office to provide an annual report on estimated state restricted fund balances, state restricted fund projected revenues, and state restricted fund expenditures for the previous 2 fiscal years. The report must be submitted as required under section 205 and to the chairpersons of the senate and house appropriations committees. Sec. 215. To the extent permissible under the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594, the director shall take all reasonable steps to ensure that geographically-disadvantaged business enterprises compete for and perform contracts to provide services or supplies, or both. The director shall strongly encourage firms with which the department contracts to subcontract with geographically-disadvantaged business enterprises for services, supplies, or both. As used in this section, "geographically-disadvantaged business enterprises" means that term as defined in Executive Directive No. 2023-1. Sec. 216. (1) On a quarterly basis, the department shall 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 report on the number of full-time equated positions in pay status by civil service classifications. The report must include all of the following information: (a) A comparison by line item of the number of full-time equated positions authorized from funds appropriated in part 1 to the actual number of full-time equated positions employed by the department at the end of the reporting period. (b) A detailed accounting of all vacant positions that exist within the department. (c) A detailed accounting of all vacant positions that are health-care-related. (d) A detailed accounting of vacant positions that are being held open for temporary nonactive employees. (2) As used in this section, "vacant position" means any position that has not been filled at any time during the past 12 calendar months. Sec. 219. The department shall receive and retain copies of all reports funded from appropriations in part 1. The department shall follow federal and state guidelines for short-term and long-term retention of records. The department may electronically retain copies of reports unless otherwise required by federal or state guidelines. Sec. 220. Not later than April 1, the department shall report on each specific policy change made to implement a public act affecting the department that took effect during the previous calendar year. The department shall submit the reports as required under section 205 and to the senate and house appropriations committees and the joint committee on administrative rules. Sec. 221. (1) From the funds appropriated in part 1, the 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 department shall do the following: (a) Report as required under section 205 to the senate and house appropriations committees any amounts of severance pay for a department director, deputy director, or other high-ranking department official not later than 14 days after a severance agreement with the director or official is signed. The name of the director or official and the amount of severance pay must be included in the report required by this subdivision. (b) Not later than February 1, report on the total amount of severance pay remitted to former department employees during the fiscal year ending September 30, 2024, and the total number of former department employees that were remitted severance pay during the fiscal year ending September 30, 2024. (2) As used in this section, "severance pay" means compensation that is both payable or paid on the termination of employment and in addition to either wages or benefits earned during the course of employment or generally applicable retirement benefits. Sec. 223. (1) Funds appropriated in part 1 must not be used to restrict or impede a marginalized community's access to government resources, programs, or facilities. (2) From the funds appropriated in part 1, local governments shall report any action or policy that attempts to restrict or interfere with the duties of the local health officer. Sec. 224. Unless prohibited by law, the department may accept credit card or other electronic means of payment for licenses, fees, or permits. Sec. 226. From the funds appropriated in part 1 from the insurance bureau fund, funds may be expended to support legislative 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 participation in insurance activities coordinated by insurance and legislative associations, in accordance with section 225 of the insurance code of 1956, 1956 PA 218, MCL 500.225. INSURANCE AND FINANCIAL SERVICES REGULATION Sec. 301. The department shall provide a report to subcommittees, the senate and house fiscal agencies, and the state budget office by September 30 based on the annual rate filings from health insurance issuers that includes all of the following: (a) The number that are approved by the department. (b) The number that are denied by the department. (c) The percentage of rate filings processed within the applicable statutory time frames. (d) The average number of calendar days to process rate filings. (e) The justification for approved rate filings. (f) The average percentage change in rates. (g) The number of rejections by the department per rate filing. Sec. 302. In addition to the funds appropriated in part 1, the funds collected by the department in connection with a conservatorship under section 32 of the mortgage brokers, lenders, and servicers licensing act, 1987 PA 173, MCL 445.1682, and funds collected by the department from corporations being liquidated under the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302, must be appropriated for all expenses necessary to provide for the required services. Funds are available for expenditure when they are received by the department of treasury and must not lapse to the general fund at the end of the fiscal 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 year. The total amount appropriated under this section and section 303 must not exceed $1,000,000.00. Sec. 303. The department may make available to interested entities customized listings of nonconfidential information in its possession. The department may establish and collect a reasonable charge to provide this service. The revenue from this service is appropriated when received and must be used to offset expenses to provide the service. Any balance of this revenue collected and unexpended at the end of the fiscal year must lapse to the appropriate restricted fund. The total amount appropriated under this section and section 302 must not exceed $1,000,000.00. Sec. 304. The department must electronically transmit the annual report prepared under section 238 of the insurance code of 1956, 1956 PA 218, MCL 500.238, and section 2108 of the banking code of 1999, 1999 PA 276, MCL 487.12108, to the recipients required under section 205 at the time of the publication of the report. Sec. 305. The department shall update examination manuals and letters of guidance to state-chartered financial institutions as necessary to reflect how the department will evaluate institutions that provide banking or other financial services to marihuana-related businesses or businesses that transport, test, grow, process, or sell marihuana, based on state statute and guidance. The department may also include guidance or information on how federal law and regulations may impact state-chartered institutions. Sec. 306. The department shall provide a report to subcommittees, the senate and house fiscal agencies, and the state budget office by September 30 based on the annual rate filings from 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 auto insurance issuers that includes all of the following: (a) The number that are approved by the department. (b) The number that are denied by the department. (c) The percentage of rate filings processed within the applicable statutory time frames. (d) The average number of calendar days to process rate filings. (e) The justification for approved rate filings. (f) The average percentage change in rates. (g) The number of rejections by the department per rate filing. Sec. 307. From the funds appropriated in part 1, from the insurance bureau fund, the department shall expend $1,500,000 to increase 5.0 FTEs to provide customer service related to auto insurance and auto accident care claims. At least 1.0 FTE must be designated to assist catastrophic accident survivors. Sec. 308. By February 1, 2025, the department shall create a plan to establish satellite offices to provide in-person services to customers. The plan must consider demographic variables and analyze areas of this state with the highest needs when choosing locations for satellite offices. The department may partner with the secretary of state to meet the requirements of this section. ONE-TIME APPROPRIATIONS Sec. 401. From the funds appropriated in part 1 for auto insurance reform study, by April 30, 2025, the department must contract with a university or research institute that has specialty in auto insurance research to conduct a study of the effects of the auto insurance reform in 2019. The study must include the impact of 1 2 3 4 5 the reform on costs, participants, demographics of those impacted, access to care, access to providers, and the total impact on insured accident victims and long-term care providers since 2019. Sec. 402. From the funds appropriated in part 1, the department must conduct a study of the insulin market in this state 1 2 3 4 5 6 and submit recommendations to the legislature to lower the price of insulin and increase access to insulin for individuals. The study must include information and data regarding insurers, pharmacy benefit managers, pharmacies, insulin consumers, and any other relevant stakeholders when creating recommendations to lower the price of insulin and increase access to insulin for individuals.
1414
1515 1
1616
1717 2
1818
1919 3
2020
2121 4
2222
2323 5
2424
2525 6
2626
2727 7
2828
2929 8
3030
3131 9
3232
3333 part 1
3434
3535 line-item appropriations
3636
3737 Sec. 101. There is appropriated for the department of insurance and financial services for the fiscal year ending September 30, 2025, from the following funds:
3838
3939 DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES
40-GROSS APPROPRIATION $ 100
41-State general fund/general purpose $ 100
40+(1) APPROPRIATION SUMMARY
41+Full-time equated unclassified positions 6.0
42+Full-time equated classified positions 400.5
4243
4344 DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES
4445
4546
4647
4748
4849
4950
5051
51-GROSS APPROPRIATION
52+(1) APPROPRIATION SUMMARY
5253
5354
5455
55-$
56-
57-100
58-
59-State general fund/general purpose
6056
6157
6258
63-$
6459
65-100
60+Full-time equated unclassified positions
61+
62+6.0
63+
64+
65+
66+
67+
68+Full-time equated classified positions
69+
70+400.5
71+
72+
6673
6774
6875
6976 1
7077
7178 2
7279
7380 3
7481
7582 4
7683
7784 5
7885
7986 6
8087
8188 7
8289
8390 8
8491
8592 9
8693
8794 10
8895
8996 11
9097
98+12
99+
100+13
101+
102+14
103+
104+15
105+
106+16
107+
108+17
109+
110+18
111+
112+19
113+
114+20
115+
116+21
117+
118+22
119+
120+23
121+
122+24
123+
124+25
125+
126+26
127+
128+27
129+
130+
131+
132+GROSS APPROPRIATION $ 79,271,400
133+Interdepartmental grant revenues:
134+Total interdepartmental grants and intradepartmental transfers 753,500
135+ADJUSTED GROSS APPROPRIATION $ 78,517,900
136+Federal revenues:
137+Total federal revenues 700,000
138+Special revenue funds:
139+Total local revenues 0
140+Total private revenues 0
141+Total other state restricted revenues 77,817,900
142+State general fund/general purpose $ 0
143+(2) DEPARTMENTAL ADMINISTRATION AND SUPPORT
144+Full-time equated unclassified positions 6.0
145+Full-time equated classified positions 23.5
146+Unclassified salaries--FTEs 6.0 $ 955,500
147+Administrative hearings 173,700
148+Department services--FTEs 20.0 4,127,900
149+Executive director programs--FTEs 3.5 916,800
150+Property management 1,389,100
151+Worker's compensation 1,200
152+GROSS APPROPRIATION $ 7,564,200
153+Appropriated from:
154+Interdepartmental grant revenues:
155+IDG from MDLARA, for debt management 72,100
156+Special revenue funds:
157+Bank fees 598,800
158+
159+GROSS APPROPRIATION
160+
161+
162+
163+$
164+
165+79,271,400
166+
167+Interdepartmental grant revenues:
168+
169+
170+
171+
172+
173+
174+
175+Total interdepartmental grants and intradepartmental transfers
176+
177+
178+
179+
180+
181+753,500
182+
183+ADJUSTED GROSS APPROPRIATION
184+
185+
186+
187+$
188+
189+78,517,900
190+
191+Federal revenues:
192+
193+
194+
195+
196+
197+
198+
199+Total federal revenues
200+
201+
202+
203+
204+
205+700,000
206+
207+Special revenue funds:
208+
209+
210+
211+
212+
213+
214+
215+Total local revenues
216+
217+
218+
219+
220+
221+0
222+
223+Total private revenues
224+
225+
226+
227+
228+
229+0
230+
231+Total other state restricted revenues
232+
233+
234+
235+
236+
237+77,817,900
238+
239+State general fund/general purpose
240+
241+
242+
243+$
244+
245+0
246+
247+(2) DEPARTMENTAL ADMINISTRATION AND SUPPORT
248+
249+
250+
251+
252+
253+
254+
255+Full-time equated unclassified positions
256+
257+6.0
258+
259+
260+
261+
262+
263+Full-time equated classified positions
264+
265+23.5
266+
267+
268+
269+
270+
271+Unclassified salaries--FTEs
272+
273+6.0
274+
275+$
276+
277+955,500
278+
279+Administrative hearings
280+
281+
282+
283+
284+
285+173,700
286+
287+Department services--FTEs
288+
289+20.0
290+
291+
292+
293+4,127,900
294+
295+Executive director programs--FTEs
296+
297+3.5
298+
299+
300+
301+916,800
302+
303+Property management
304+
305+
306+
307+
308+
309+1,389,100
310+
311+Worker's compensation
312+
313+
314+
315+
316+
317+1,200
318+
319+GROSS APPROPRIATION
320+
321+
322+
323+$
324+
325+7,564,200
326+
327+Appropriated from:
328+
329+
330+
331+
332+
333+
334+
335+Interdepartmental grant revenues:
336+
337+
338+
339+
340+
341+
342+
343+IDG from MDLARA, for debt management
344+
345+
346+
347+
348+
349+72,100
350+
351+Special revenue funds:
352+
353+
354+
355+
356+
357+
358+
359+Bank fees
360+
361+
362+
363+
364+
365+598,800
366+
367+1
368+
369+2
370+
371+3
372+
373+4
374+
375+5
376+
377+6
378+
379+7
380+
381+8
382+
383+9
384+
385+10
386+
387+11
388+
389+12
390+
391+13
392+
393+14
394+
395+15
396+
397+16
398+
399+17
400+
401+18
402+
403+19
404+
405+20
406+
407+21
408+
409+22
410+
411+23
412+
413+24
414+
415+25
416+
417+26
418+
419+27
420+
421+28
422+
423+Captive insurance regulatory and supervision fund 57,000
424+Consumer finance fees 292,000
425+Credit union fees 985,000
426+Deferred presentment service transaction fees 265,200
427+Insurance bureau fund 2,409,700
428+Insurance continuing education fees 67,500
429+Insurance licensing and regulation fees 2,036,700
430+MBLSLA fund 778,900
431+Multiple employer welfare arrangement 1,300
432+State general fund/general purpose $ 0
433+(3) INSURANCE AND FINANCIAL SERVICES REGULATION
434+Full-time equated classified positions 377.0
435+Consumer services and protection--FTEs 107.0 17,470,600
436+Financial institutions evaluation--FTEs 140.0 25,574,900
437+Insurance evaluation--FTEs 130.0 26,042,600
438+GROSS APPROPRIATION $ 69,088,100
439+Appropriated from:
440+Interdepartmental grant revenues:
441+IDG from MDLARA, for debt management 656,200
442+Federal revenues:
443+Federal revenues 700,000
444+Special revenue funds:
445+Bank fees 6,913,100
446+Captive insurance regulatory and supervision fund 790,200
447+Consumer finance fees 2,857,800
448+Credit union fees 8,798,400
449+
450+Captive insurance regulatory and supervision fund
451+
452+
453+
454+
455+
456+57,000
457+
458+Consumer finance fees
459+
460+
461+
462+
463+
464+292,000
465+
466+Credit union fees
467+
468+
469+
470+
471+
472+985,000
473+
474+Deferred presentment service transaction fees
475+
476+
477+
478+
479+
480+265,200
481+
482+Insurance bureau fund
483+
484+
485+
486+
487+
488+2,409,700
489+
490+Insurance continuing education fees
491+
492+
493+
494+
495+
496+67,500
497+
498+Insurance licensing and regulation fees
499+
500+
501+
502+
503+
504+2,036,700
505+
506+MBLSLA fund
507+
508+
509+
510+
511+
512+778,900
513+
514+Multiple employer welfare arrangement
515+
516+
517+
518+
519+
520+1,300
521+
522+State general fund/general purpose
523+
524+
525+
526+$
527+
528+0
529+
530+(3) INSURANCE AND FINANCIAL SERVICES REGULATION
531+
532+
533+
534+
535+
536+
537+
538+Full-time equated classified positions
539+
540+377.0
541+
542+
543+
544+
545+
546+Consumer services and protection--FTEs
547+
548+107.0
549+
550+
551+
552+17,470,600
553+
554+Financial institutions evaluation--FTEs
555+
556+140.0
557+
558+
559+
560+25,574,900
561+
562+Insurance evaluation--FTEs
563+
564+130.0
565+
566+
567+
568+26,042,600
569+
570+GROSS APPROPRIATION
571+
572+
573+
574+$
575+
576+69,088,100
577+
578+Appropriated from:
579+
580+
581+
582+
583+
584+
585+
586+Interdepartmental grant revenues:
587+
588+
589+
590+
591+
592+
593+
594+IDG from MDLARA, for debt management
595+
596+
597+
598+
599+
600+656,200
601+
602+Federal revenues:
603+
604+
605+
606+
607+
608+
609+
610+Federal revenues
611+
612+
613+
614+
615+
616+700,000
617+
618+Special revenue funds:
619+
620+
621+
622+
623+
624+
625+
626+Bank fees
627+
628+
629+
630+
631+
632+6,913,100
633+
634+Captive insurance regulatory and supervision fund
635+
636+
637+
638+
639+
640+790,200
641+
642+Consumer finance fees
643+
644+
645+
646+
647+
648+2,857,800
649+
650+Credit union fees
651+
652+
653+
654+
655+
656+8,798,400
657+
658+1
659+
660+2
661+
662+3
663+
664+4
665+
666+5
667+
668+6
669+
670+7
671+
672+8
673+
674+9
675+
676+10
677+
678+11
679+
680+12
681+
682+13
683+
684+14
685+
686+15
687+
688+16
689+
690+17
691+
692+18
693+
694+19
695+
696+20
697+
698+21
699+
700+22
701+
702+23
703+
704+24
705+
706+25
707+
708+26
709+
710+27
711+
712+28
713+
714+Deferred presentment service transaction fees 2,371,100
715+Insurance bureau fund 26,455,100
716+Insurance continuing education fees 1,022,700
717+Insurance licensing and regulation fees 11,613,400
718+MBLSLA fund 6,821,000
719+Multiple employer welfare arrangement 89,100
720+State general fund/general purpose $ 0
721+(4) INFORMATION TECHNOLOGY
722+Information technology services and projects 2,369,100
723+GROSS APPROPRIATION $ 2,369,100
724+Appropriated from:
725+Interdepartmental grant revenues:
726+IDG from MDLARA, for debt management 25,200
727+Special revenue funds:
728+Bank fees 147,300
729+Captive insurance regulatory and supervision fund 13,700
730+Consumer finance fees 73,300
731+Credit union fees 248,900
732+Deferred presentment service transaction fees 50,000
733+Insurance bureau fund 466,400
734+Insurance continuing education fees 9,000
735+Insurance licensing and regulation fees 1,143,400
736+MBLSLA fund 191,900
737+State general fund/general purpose $ 0
738+(5) ONE-TIME APPROPRIATIONS
739+Auto insurance reform study 250,000
740+GROSS APPROPRIATION $ 250,000
741+
742+Deferred presentment service transaction fees
743+
744+
745+
746+
747+
748+2,371,100
749+
750+Insurance bureau fund
751+
752+
753+
754+
755+
756+26,455,100
757+
758+Insurance continuing education fees
759+
760+
761+
762+
763+
764+1,022,700
765+
766+Insurance licensing and regulation fees
767+
768+
769+
770+
771+
772+11,613,400
773+
774+MBLSLA fund
775+
776+
777+
778+
779+
780+6,821,000
781+
782+Multiple employer welfare arrangement
783+
784+
785+
786+
787+
788+89,100
789+
790+State general fund/general purpose
791+
792+
793+
794+$
795+
796+0
797+
798+(4) INFORMATION TECHNOLOGY
799+
800+
801+
802+
803+
804+
805+
806+Information technology services and projects
807+
808+
809+
810+
811+
812+2,369,100
813+
814+GROSS APPROPRIATION
815+
816+
817+
818+$
819+
820+2,369,100
821+
822+Appropriated from:
823+
824+
825+
826+
827+
828+
829+
830+Interdepartmental grant revenues:
831+
832+
833+
834+
835+
836+
837+
838+IDG from MDLARA, for debt management
839+
840+
841+
842+
843+
844+25,200
845+
846+Special revenue funds:
847+
848+
849+
850+
851+
852+
853+
854+Bank fees
855+
856+
857+
858+
859+
860+147,300
861+
862+Captive insurance regulatory and supervision fund
863+
864+
865+
866+
867+
868+13,700
869+
870+Consumer finance fees
871+
872+
873+
874+
875+
876+73,300
877+
878+Credit union fees
879+
880+
881+
882+
883+
884+248,900
885+
886+Deferred presentment service transaction fees
887+
888+
889+
890+
891+
892+50,000
893+
894+Insurance bureau fund
895+
896+
897+
898+
899+
900+466,400
901+
902+Insurance continuing education fees
903+
904+
905+
906+
907+
908+9,000
909+
910+Insurance licensing and regulation fees
911+
912+
913+
914+
915+
916+1,143,400
917+
918+MBLSLA fund
919+
920+
921+
922+
923+
924+191,900
925+
926+State general fund/general purpose
927+
928+
929+
930+$
931+
932+0
933+
934+(5) ONE-TIME APPROPRIATIONS
935+
936+
937+
938+
939+
940+
941+
942+Auto insurance reform study
943+
944+
945+
946+
947+
948+250,000
949+
950+GROSS APPROPRIATION
951+
952+
953+
954+$
955+
956+250,000
957+
958+1
959+
960+2
961+
962+3
963+
964+4
965+
966+5
967+
968+6
969+
970+7
971+
972+8
973+
974+9
975+
976+10
977+
978+11
979+
980+12
981+
982+13
983+
984+14
985+
986+15
987+
988+16
989+
990+17
991+
992+18
993+
994+19
995+
996+20
997+
998+21
999+
1000+22
1001+
1002+23
1003+
1004+24
1005+
1006+25
1007+
1008+26
1009+
1010+27
1011+
1012+28
1013+
1014+29
1015+
1016+Appropriated from:
1017+Special revenue funds:
1018+Insurance licensing and regulation fees 250,000
1019+Total other state restricted revenues 250,000
1020+State general fund/general purpose $ 0
1021+
1022+Appropriated from:
1023+
1024+
1025+
1026+
1027+
1028+
1029+
1030+Special revenue funds:
1031+
1032+
1033+
1034+
1035+
1036+
1037+
1038+Insurance licensing and regulation fees
1039+
1040+
1041+
1042+
1043+
1044+250,000
1045+
1046+Total other state restricted revenues
1047+
1048+
1049+
1050+
1051+
1052+250,000
1053+
1054+State general fund/general purpose
1055+
1056+
1057+
1058+$
1059+
1060+0
1061+
1062+
1063+
911064 part 2
921065
931066 provisions concerning appropriations
941067
1068+for fiscal year 2024-2025
1069+
951070 general sections
961071
97-Sec. 201. In accordance with section 30 of article IX of the state constitution of 1963, for the fiscal year ending September 30, 2025, total state spending under part 1 from state sources is $100.00 and state spending under part 1 from state sources to be paid to local units of government is $0.00.
1072+Sec. 201. In accordance with section 30 of article IX of the state constitution of 1963, for the fiscal year ending September 30, 2025, total state spending under part 1 from state sources is $77,871,900.00 and state spending from state sources to be paid to local units of government for the fiscal year ending September 30, 2025 is $0.00.
981073
99-Sec. 202. The appropriations under this part and part 1 are subject to the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594.
1074+Sec. 202. The appropriations authorized under this part and part 1 are subject to the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594.
1075+
1076+Sec. 203. As used in this part and part 1:
1077+
1078+(a) "Department" means the department of insurance and financial services.
1079+
1080+(b) "Director" means the director of the department.
1081+
1082+(c) "FTE" means full-time equated.
1083+
1084+(d) "IDG" means interdepartmental grant.
1085+
1086+(e) "LARA" means the department of licensing and regulatory affairs.
1087+
1088+(f) "MBLSLA fund" means the restricted account established under section 8 of the mortgage brokers, lenders, and servicers
1089+
1090+1
1091+
1092+2
1093+
1094+3
1095+
1096+4
1097+
1098+5
1099+
1100+6
1101+
1102+7
1103+
1104+8
1105+
1106+9
1107+
1108+10
1109+
1110+11
1111+
1112+12
1113+
1114+13
1115+
1116+14
1117+
1118+15
1119+
1120+16
1121+
1122+17
1123+
1124+18
1125+
1126+19
1127+
1128+20
1129+
1130+21
1131+
1132+22
1133+
1134+23
1135+
1136+24
1137+
1138+25
1139+
1140+26
1141+
1142+27
1143+
1144+28
1145+
1146+29
1147+
1148+licensing act, 1987 PA 173, MCL 445.1658.
1149+
1150+(g) "Subcommittees" means the subcommittees of the house of representatives and senate appropriations committees on the department budget.
1151+
1152+Sec. 204. The department shall use the internet to fulfill the reporting requirements of this part. This requirement includes transmitting reports to required recipients by email and posting the reports on an internet site.
1153+
1154+Sec. 205. Except as otherwise provided in this part, all reports required under this part must be submitted to the subcommittees, the senate and house fiscal agencies, the senate and house policy offices, and the state budget office.
1155+
1156+Sec. 206. To the extent permissible under section 261 of the management and budget act, 1984 PA 431, MCL 18.1261, all of the following apply to funds appropriated in part 1:
1157+
1158+(a) The funds must not be used for the purchase of foreign goods or services, or both, if competitively priced and of comparable quality American goods or services, or both, are available.
1159+
1160+(b) Preference must be given to goods or services, or both, manufactured or provided by Michigan businesses, if they are competitively priced and of comparable quality.
1161+
1162+(c) Preference must be given to goods or services, or both, that are manufactured or provided by Michigan businesses owned and operated by veterans, if they are competitively priced and of comparable quality.
1163+
1164+Sec. 207. The department shall not take disciplinary action against an employee of the department who is in the state classified civil service because the employee communicates with a
1165+
1166+1
1167+
1168+2
1169+
1170+3
1171+
1172+4
1173+
1174+5
1175+
1176+6
1177+
1178+7
1179+
1180+8
1181+
1182+9
1183+
1184+10
1185+
1186+11
1187+
1188+12
1189+
1190+13
1191+
1192+14
1193+
1194+15
1195+
1196+16
1197+
1198+17
1199+
1200+18
1201+
1202+19
1203+
1204+20
1205+
1206+21
1207+
1208+22
1209+
1210+23
1211+
1212+24
1213+
1214+25
1215+
1216+26
1217+
1218+27
1219+
1220+28
1221+
1222+29
1223+
1224+member of the senate or house or a member's staff, unless the communication is prohibited by law and the department is exercising its authority as provided by law.
1225+
1226+Sec. 208. Consistent with section 217 of the management and budget act, 1984 PA 431, MCL 18.1217, each department and agency receiving appropriations in part 1 shall prepare a report on out‐of‐state travel expenses not later than January 1. The report must list all travel by classified and unclassified employees outside this state in the preceding fiscal year that was funded in whole or in part with funds appropriated in the department's or agency's budget. The department shall submit the report to the senate and house appropriations committees and to report recipients required in section 213. The report must include all of the following information:
1227+
1228+
1229+
1230+(a) The dates of each travel occurrence.
1231+
1232+(b) The total transportation and related expenses of each travel occurrence and the proportions funded with state general fund/general purpose revenues, state restricted revenues, federal revenues, and with other revenues.
1233+
1234+Sec. 209. (1) The department shall not use funds appropriated in part 1 to hire a person to provide legal services that are the responsibility of the attorney general. This section does not apply to legal services for bonding activities or to outside legal services that the attorney general authorizes.
1235+
1236+(2) The department shall make timely reimbursement to the department of the attorney general for legal services provided by the department of the attorney general to the department. If the department fails to make timely reimbursement, the department of
1237+
1238+1
1239+
1240+2
1241+
1242+3
1243+
1244+4
1245+
1246+5
1247+
1248+6
1249+
1250+7
1251+
1252+8
1253+
1254+9
1255+
1256+10
1257+
1258+11
1259+
1260+12
1261+
1262+13
1263+
1264+14
1265+
1266+15
1267+
1268+16
1269+
1270+17
1271+
1272+18
1273+
1274+19
1275+
1276+20
1277+
1278+21
1279+
1280+22
1281+
1282+23
1283+
1284+24
1285+
1286+25
1287+
1288+26
1289+
1290+27
1291+
1292+28
1293+
1294+29
1295+
1296+the attorney general may increase the amount billed to include a penalty for late reimbursement. As used in this section, "timely reimbursement" means reimbursement not later than 60 days after the department receives a bill for the legal services from the department of the attorney general.
1297+
1298+Sec. 210. Not later than December 15, the state budget office shall prepare and submit a report that provides estimates of the total general fund/general purpose appropriation lapses at the close of the prior fiscal year. This report must summarize the projected year-end general fund/general purpose appropriation lapses by major departmental program or program areas. The state budget office shall transmit the report to the chairpersons of the senate and house appropriations committees.
1299+
1300+Sec. 211. (1) In addition to the funds appropriated in part 1, there is appropriated an amount not to exceed $200,000.00 for federal contingency authorization. The funds for federal contingency authorization are not available for expenditure until they have been transferred to another line item in part 1 under section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393.
1301+
1302+(2) In addition to the funds appropriated in part 1, there is appropriated an amount not to exceed $1,000,000.00 for state restricted contingency authorization. The funds for state restricted contingency authorization are not available for expenditure until they have been transferred to another line item in part 1 under section 393(2) of the management and budget act, 1984 PA 431, MCL 18.1393.
1303+
1304+Sec. 212. The department shall cooperate with the department of technology, management, and budget to maintain a searchable
1305+
1306+1
1307+
1308+2
1309+
1310+3
1311+
1312+4
1313+
1314+5
1315+
1316+6
1317+
1318+7
1319+
1320+8
1321+
1322+9
1323+
1324+10
1325+
1326+11
1327+
1328+12
1329+
1330+13
1331+
1332+14
1333+
1334+15
1335+
1336+16
1337+
1338+17
1339+
1340+18
1341+
1342+19
1343+
1344+20
1345+
1346+21
1347+
1348+22
1349+
1350+23
1351+
1352+24
1353+
1354+25
1355+
1356+26
1357+
1358+27
1359+
1360+28
1361+
1362+29
1363+
1364+website accessible by the public at no cost that includes, but is not limited to, all of the following for the department:
1365+
1366+(a) Fiscal-year-to-date expenditures by category.
1367+
1368+(b) Fiscal-year-to-date expenditures by appropriation unit.
1369+
1370+(c) Fiscal-year-to-date payments to a selected vendor, including the vendor name, payment date, payment amount, and payment description.
1371+
1372+(d) The number of active department employees by job classification.
1373+
1374+(e) Job specifications and wage rates.
1375+
1376+Sec. 213. Not later than 14 days after the release of the executive budget recommendation, the department shall cooperate with the state budget office to provide an annual report on estimated state restricted fund balances, state restricted fund projected revenues, and state restricted fund expenditures for the previous 2 fiscal years. The report must be submitted as required under section 205 and to the chairpersons of the senate and house appropriations committees.
1377+
1378+Sec. 215. To the extent permissible under the management and budget act, 1984 PA 431, MCL 18.1101 to 18.1594, the director shall take all reasonable steps to ensure that geographically-disadvantaged business enterprises compete for and perform contracts to provide services or supplies, or both. The director shall strongly encourage firms with which the department contracts to subcontract with geographically-disadvantaged business enterprises for services, supplies, or both. As used in this section, "geographically-disadvantaged business enterprises" means that term as defined in Executive Directive No. 2023-1.
1379+
1380+Sec. 216. (1) On a quarterly basis, the department shall
1381+
1382+1
1383+
1384+2
1385+
1386+3
1387+
1388+4
1389+
1390+5
1391+
1392+6
1393+
1394+7
1395+
1396+8
1397+
1398+9
1399+
1400+10
1401+
1402+11
1403+
1404+12
1405+
1406+13
1407+
1408+14
1409+
1410+15
1411+
1412+16
1413+
1414+17
1415+
1416+18
1417+
1418+19
1419+
1420+20
1421+
1422+21
1423+
1424+22
1425+
1426+23
1427+
1428+24
1429+
1430+25
1431+
1432+26
1433+
1434+27
1435+
1436+28
1437+
1438+29
1439+
1440+report on the number of full-time equated positions in pay status by civil service classifications. The report must include all of the following information:
1441+
1442+(a) A comparison by line item of the number of full-time equated positions authorized from funds appropriated in part 1 to the actual number of full-time equated positions employed by the department at the end of the reporting period.
1443+
1444+(b) A detailed accounting of all vacant positions that exist within the department.
1445+
1446+(c) A detailed accounting of all vacant positions that are health-care-related.
1447+
1448+(d) A detailed accounting of vacant positions that are being held open for temporary nonactive employees.
1449+
1450+(2) As used in this section, "vacant position" means any position that has not been filled at any time during the past 12 calendar months.
1451+
1452+Sec. 219. The department shall receive and retain copies of all reports funded from appropriations in part 1. The department shall follow federal and state guidelines for short-term and long-term retention of records. The department may electronically retain copies of reports unless otherwise required by federal or state guidelines.
1453+
1454+Sec. 220. Not later than April 1, the department shall report on each specific policy change made to implement a public act affecting the department that took effect during the previous calendar year. The department shall submit the reports as required under section 205 and to the senate and house appropriations committees and the joint committee on administrative rules.
1455+
1456+Sec. 221. (1) From the funds appropriated in part 1, the
1457+
1458+1
1459+
1460+2
1461+
1462+3
1463+
1464+4
1465+
1466+5
1467+
1468+6
1469+
1470+7
1471+
1472+8
1473+
1474+9
1475+
1476+10
1477+
1478+11
1479+
1480+12
1481+
1482+13
1483+
1484+14
1485+
1486+15
1487+
1488+16
1489+
1490+17
1491+
1492+18
1493+
1494+19
1495+
1496+20
1497+
1498+21
1499+
1500+22
1501+
1502+23
1503+
1504+24
1505+
1506+25
1507+
1508+26
1509+
1510+27
1511+
1512+28
1513+
1514+29
1515+
1516+department shall do the following:
1517+
1518+(a) Report as required under section 205 to the senate and house appropriations committees any amounts of severance pay for a department director, deputy director, or other high-ranking department official not later than 14 days after a severance agreement with the director or official is signed. The name of the director or official and the amount of severance pay must be included in the report required by this subdivision.
1519+
1520+(b) Not later than February 1, report on the total amount of severance pay remitted to former department employees during the fiscal year ending September 30, 2024, and the total number of former department employees that were remitted severance pay during the fiscal year ending September 30, 2024.
1521+
1522+(2) As used in this section, "severance pay" means compensation that is both payable or paid on the termination of employment and in addition to either wages or benefits earned during the course of employment or generally applicable retirement benefits.
1523+
1524+Sec. 223. (1) Funds appropriated in part 1 must not be used to restrict or impede a marginalized community's access to government resources, programs, or facilities.
1525+
1526+(2) From the funds appropriated in part 1, local governments shall report any action or policy that attempts to restrict or interfere with the duties of the local health officer.
1527+
1528+Sec. 224. Unless prohibited by law, the department may accept credit card or other electronic means of payment for licenses, fees, or permits.
1529+
1530+Sec. 226. From the funds appropriated in part 1 from the insurance bureau fund, funds may be expended to support legislative
1531+
1532+1
1533+
1534+2
1535+
1536+3
1537+
1538+4
1539+
1540+5
1541+
1542+6
1543+
1544+7
1545+
1546+8
1547+
1548+9
1549+
1550+10
1551+
1552+11
1553+
1554+12
1555+
1556+13
1557+
1558+14
1559+
1560+15
1561+
1562+16
1563+
1564+17
1565+
1566+18
1567+
1568+19
1569+
1570+20
1571+
1572+21
1573+
1574+22
1575+
1576+23
1577+
1578+24
1579+
1580+25
1581+
1582+26
1583+
1584+27
1585+
1586+28
1587+
1588+29
1589+
1590+participation in insurance activities coordinated by insurance and legislative associations, in accordance with section 225 of the insurance code of 1956, 1956 PA 218, MCL 500.225.
1591+
1592+
1593+
1594+INSURANCE AND FINANCIAL SERVICES REGULATION
1595+
1596+Sec. 301. The department shall provide a report to subcommittees, the senate and house fiscal agencies, and the state budget office by September 30 based on the annual rate filings from health insurance issuers that includes all of the following:
1597+
1598+(a) The number that are approved by the department.
1599+
1600+(b) The number that are denied by the department.
1601+
1602+(c) The percentage of rate filings processed within the applicable statutory time frames.
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1604+(d) The average number of calendar days to process rate filings.
1605+
1606+(e) The justification for approved rate filings.
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1608+(f) The average percentage change in rates.
1609+
1610+(g) The number of rejections by the department per rate filing.
1611+
1612+Sec. 302. In addition to the funds appropriated in part 1, the funds collected by the department in connection with a conservatorship under section 32 of the mortgage brokers, lenders, and servicers licensing act, 1987 PA 173, MCL 445.1682, and funds collected by the department from corporations being liquidated under the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302, must be appropriated for all expenses necessary to provide for the required services. Funds are available for expenditure when they are received by the department of treasury and must not lapse to the general fund at the end of the fiscal
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1672+year. The total amount appropriated under this section and section 303 must not exceed $1,000,000.00.
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1674+Sec. 303. The department may make available to interested entities customized listings of nonconfidential information in its possession. The department may establish and collect a reasonable charge to provide this service. The revenue from this service is appropriated when received and must be used to offset expenses to provide the service. Any balance of this revenue collected and unexpended at the end of the fiscal year must lapse to the appropriate restricted fund. The total amount appropriated under this section and section 302 must not exceed $1,000,000.00.
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1676+Sec. 304. The department must electronically transmit the annual report prepared under section 238 of the insurance code of 1956, 1956 PA 218, MCL 500.238, and section 2108 of the banking code of 1999, 1999 PA 276, MCL 487.12108, to the recipients required under section 205 at the time of the publication of the report.
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1678+Sec. 305. The department shall update examination manuals and letters of guidance to state-chartered financial institutions as necessary to reflect how the department will evaluate institutions that provide banking or other financial services to marihuana-related businesses or businesses that transport, test, grow, process, or sell marihuana, based on state statute and guidance. The department may also include guidance or information on how federal law and regulations may impact state-chartered institutions.
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1680+Sec. 306. The department shall provide a report to subcommittees, the senate and house fiscal agencies, and the state budget office by September 30 based on the annual rate filings from
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1739+
1740+auto insurance issuers that includes all of the following:
1741+
1742+(a) The number that are approved by the department.
1743+
1744+(b) The number that are denied by the department.
1745+
1746+(c) The percentage of rate filings processed within the applicable statutory time frames.
1747+
1748+(d) The average number of calendar days to process rate filings.
1749+
1750+(e) The justification for approved rate filings.
1751+
1752+(f) The average percentage change in rates.
1753+
1754+(g) The number of rejections by the department per rate filing.
1755+
1756+Sec. 307. From the funds appropriated in part 1, from the insurance bureau fund, the department shall expend $1,500,000 to increase 5.0 FTEs to provide customer service related to auto insurance and auto accident care claims. At least 1.0 FTE must be designated to assist catastrophic accident survivors.
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1758+Sec. 308. By February 1, 2025, the department shall create a plan to establish satellite offices to provide in-person services to customers. The plan must consider demographic variables and analyze areas of this state with the highest needs when choosing locations for satellite offices. The department may partner with the secretary of state to meet the requirements of this section.
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1762+ONE-TIME APPROPRIATIONS
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1764+Sec. 401. From the funds appropriated in part 1 for auto insurance reform study, by April 30, 2025, the department must contract with a university or research institute that has specialty in auto insurance research to conduct a study of the effects of the auto insurance reform in 2019. The study must include the impact of
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1776+the reform on costs, participants, demographics of those impacted, access to care, access to providers, and the total impact on insured accident victims and long-term care providers since 2019.
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1778+Sec. 402. From the funds appropriated in part 1, the department must conduct a study of the insulin market in this state
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1792+and submit recommendations to the legislature to lower the price of insulin and increase access to insulin for individuals. The study must include information and data regarding insurers, pharmacy benefit managers, pharmacies, insulin consumers, and any other relevant stakeholders when creating recommendations to lower the price of insulin and increase access to insulin for individuals.