Appropriates $9,690,600 to the Department of Insurance for fiscal year 2018; and limits the number of authorized full-time equivalent positions to 76.5.

This is the FY 2018 appropriation to the Department of Insurance in the amount of $9,690,600 with full-time equivalent positions capped at 76.5. This appropriation includes benefit cost increases, Statewide Cost Allocation, a 3% CEC, and cybersecurity insurance. The 3% CEC is a merit-based increase in employee compensation for permanent employees to be distributed at the discretion of each director. Additionally, it provides $175,000 for replacement items which include computers, office, IT equipment and one vehicle. Line item 1 provides 3 FTP and $291,600 to replace existing contractors with state employees. Two positions will be insurance examiners who will conduct financial condition examinations of insurance entities domiciled in Idaho. The third position is a building plans examiner who will review sprinkler, construction, and fire alarm plans. Overall, this budget is a 1.4% increase above the FY 2017 original appropriation.