Insurance, to provide that service contract provider registration fees be paid into the Special Examination Revolving Fund instead of the Service Contract Revolving Fund
Read for the Second Time and placed on the Calendar (Insurance)
Summary
The bill moves the annual $200 registration fees that service contract providers pay to the State Treasury from the Service Contract Revolving Fund into the Special Examination Revolving Fund. It also requires any unused money left in the Service Contract Fund to be moved to the same Special Examination fund, and ties fee adjustments to the Consumer Price Index. This change is intended to support the supervision and examination of these providers.
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