Office of Insurance Commissioner

  Average Annual FTEs Near General Fund State Other Funds Total Funds
  (Dollars in Thousands)
Current Budget 282.5 0 88,149 88,149
2023-25 Maintenance Level 282.5 0 88,143 88,143
Difference from 2023-25 Original 0.0 0 (6) (6)
% Change from 2023-25 Original 0.0% 0.0% (0.0%) (0.0%)

2024 Policy Comp Changes

State Employee Benefits 0.0 0 18 18
Pension Rate Month of Death Bill 0.0 0 10 10
2024 Policy Comp Changes Total 0.0 0 28 28

2024 Policy Central Services Changes

Legal Services 0.0 0 7 7
Administrative Hearings 0.0 0 1 1
CTS Central Services 0.0 0 31 31
DES Central Services 0.0 0 2 2
OFM Central Services 0.0 0 331 331
GOV Central Services 0.0 0 3 3
2024 Policy Central Services Changes Total 0.0 0 375 375
Total Policy Changes 0.0 0 403 403
2024 Policy Level 282.5 0 88,546 88,546
Difference from 2023-25 Original 0.0 0 397 397
% Change from 2023-25 Original 0.0% 0.0% 0.45% 0.45%

Policy Changes

Legal Services

Adjustments are made for each agency's anticipated cost of legal services provided by the Attorney General's Office. Because legal services expenditures are based on consumption, funding provided in the central service model is not all inclusive. The methodology to estimate consumption is a two-year average and allows for analysis to incorporate unique agency circumstances. (Insurance Commissioner's Regulatory - State)

CTS Central Services

Adjustments are made to reflect each agency's anticipated share of charges from Consolidated Technology Services (CTS) for the Office of the Chief Information Officer, Office of Cybersecurity, state network, enterprise and small agency IT services, enterprise architecture and data management, Microsoft 365 licenses, and other items. (Insurance Commissioner's Fraud Acc - State, Insurance Commissioner's Regulatory - State)

DES Central Services

Adjustments are made to reflect each agency's anticipated share of charges from the Department of Enterprise Services (DES) for Capitol campus costs; real estate, risk management, and small agency services; the Perry Street and Capitol Campus child care centers; enterprise applications, and other items. (Insurance Commissioner's Regulatory - State)

OFM Central Services

Adjustments are made to reflect each agency's anticipated share of charges from the Office of Financial Management for existing statewide applications, the One Washington program, and other central services. See Chapter 11 of the 2023-25 OFM Budget Instructions for allocation methodologies. (Insurance Commissioner's Fraud Acc - State, Insurance Commissioner's Regulatory - State)

State Employee Benefits

Funding is provided to increase the retiree health insurance subsidy, adjusting the cap from $183 to $193 per month and raising the base subsidy percentage from 50 percent to 60 percent. The insurance funding rates are set at $1,145 per month for fiscal year 2024 and $1,158 per month for fiscal year 2025. (Insurance Commissioner's Regulatory - State)

Pension Rate Month of Death Bill

Funding is provided for contribution rate impacts associated with proposed legislation that ensures the continuation of benefit payments through the end of the month in which a retiree or beneficiary dies. (Insurance Commissioner's Regulatory - State)

Administrative Hearings

Adjustments are made for each agency's anticipated cost of hearings performed by the Office of Administrative Hearings. (Insurance Commissioner's Regulatory - State)

GOV Central Services

Adjustments are made to reflect each agency's anticipated share of charges from the Office of the Governor for the Office of Equity. (Insurance Commissioner's Regulatory - State)