Office of Insurance Commissioner - Current Law
RCW 48.02
The Office of Insurance Commissioner is responsible for the regulation of the insurance industry in Washington state.
Agency Mission
To protect consumers, the public interest, and our state's economy through fair and efficient regulation of the insurance industry.
| Request | 85,436,000 |
|---|---|
| Net change from current biennium | 6,407,000 Increase |
| Percent change from current biennium | 8.1% Increase |
Operating Budget: Summary
Appropriated Funds
| 2021-23 Appropriations | Appropriated Funds | Expenditures | |||
|---|---|---|---|---|---|
| Amount | Estimated Balance | 2019-21 Actual | 2021-23 Estimated | 2023-25 Proposed | |
| 4,672,000 | General Fund - Federal | 2,495,845 | 4,672,000 | 4,733,000 | |
| Info Tech Invest Rev Acct - Nonappropriated | 599,000 | ||||
| 70,706,000 | Insurance Commissioner's Regulatory - State | 64,624,647 | 70,706,000 | 76,605,000 | |
| 3,651,000 | Insurance Commissioner's Fraud Acc - State | 1,707,175 | 3,651,000 | 4,098,000 | |
| 79,029,000 | Total Appropriated Funds | 69,426,667 | 79,029,000 | 85,436,000 | |
Non-Appropriated Funds
Operating Budget: Program Summary
| Program Title | Actual | Estimated | Proposed | ||
|---|---|---|---|---|---|
| Actual | Estimated | Estimated | Proposed | Proposed | |
| Annual Total | 36,044,819 | 33,968,712 | 12,361,471 | 42,488,000 | 42,948,000 |
Operating Budget: Change from Preceding Biennium
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| Amount | Percent | Amount | Percent | Amount | Percent |
| 7,453,794 | 12.0% | (23,096,484) | (33.3%) | 39,105,817 | 84.4% |
Employment Summary
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| 2020-21 Actual | 2021-22 Estimated | 2022-23 Estimated | 2023-24 Proposed | 2024-25 Proposed | |
| FTE Staff Years | 245.3 | 239.5 | 240.3 | 267.7 | 281.3 |
