West Virginia Offices of the Insurance Commissioner 2009 Annual ...

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APPROPRIATED APPROPRIATED EXPENDITURE SCHEDULE INSURANCE COMMISSION FUND 7152 FISCAL YEAR 2010 JULY 1, 2009 - JUNE 30, 2010 Personal Services 16,045,026 Increment 353,336 Employee Benefits 6,848,269 Current Expenses 14,286,885 $ 37,533,516 ACTUAL EXPENDITURES Personal Services 13,378,520 Increment 237,502 Employee Benefits 4,310,568 Current Expenses 8,782,498 TOTAL EXPENDITURES 26,709,088 APPROPRIATION BALANCE Personal Services 2,666,506 Increment 115,834 Employee Benefits 2,537,701 Current Expenses 5,504,387 TOTAL FUNDS REMAINING 10,824,428 $ 37,533,516 ASSESSMENT FEES COLLECTED JULY 1, 2009 THROUGH JUNE 30, 2010 $41,337,499 12
WEST VIRGINIA OFFICES OF THE INSURANCE COMMISSIONER STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS PROPRIETARY FUNDS For the Year Ended June 30, 2009 (In Thousands) Workers' Compensation Access WV Total Operating Revenues: Statutory Allocations $ 229,826 2,069 $ 231,895 Assessments 48,201 - 48,201 Net Premium Revenue 1,720 3,893 5,613 Other Operating Revenue 15 109 124 Total Operating Revenue 279,762 6,071 285,833 Operating Expenses: Claims and Claim Adjustment Expenses 42,034 3,165 45,199 General and Administration 19,959 365 20,324 Total Operating Expenses 61,993 3,530 65,523 Operating Income 217,769 2,541 220,310 Nonoperating Revenues (Expenses): Investment Earnings 18,150 128 18,278 Net Increase (Decrease) in Fair Value of Investments (107,320) - (107,320) Nonoperating Revenues (Expenses) (89,170) 128 (89,042) Change in Net Assets Before Brickstreet Transactions and Transfers 128,599 2,669 131,268 Brickstreet Transactions, Net 25,741 - 25,741 Change in Net Assets (Deficit) 154,340 2,669 157,009 Total Net Assets - Beginning of Year (1,366,311) 8,493 (1,357,818) Total Net Assets (Deficit) - End of Year ($1,211,971) $ 11,162 ($1,200,809) 13
Page 1 and 2: West Virginia Offices of the Insura
Page 3 and 4: Executive Summary This report to th
Page 5 and 6: TABLE OF CONTENTS SECTION 1 GENERAL
Page 7 and 8: Admitted Assets, Liabilities, Commo
Page 9 and 10: Organizational Chart Virgil Helton,
Page 11: FEES AND TAXES COLLECTED DURING THE
Page 15 and 16: APPROPRIATED APPROPRIATED EXPENDITU
Page 17 and 18: SECTION 2 DIVISIONAL REPORTS 17
Page 19 and 20: An applicant must be a resident of
Page 21 and 22: Major Activities in 2009 The Plan
Page 23 and 24: Agents Licensing and Education Divi
Page 25: Workers’ Compensation Board of Re
Page 28 and 29: The focused settlement initiative h
Page 30 and 31: October 2008 November 2008 December
Page 32 and 33: Offices of the Insurance Commission
Page 34 and 35: January 2009 February 2009 March 20
Page 36 and 37: Representing Consumers in First and
Page 38 and 39: FIRST PARTY COMPLAINTS HANDLED BY T
Page 40 and 41: CERTIFICATE OF NEED - March 2009 FA
Page 42 and 43: Hospital Rate Review The Office of
Page 44 and 45: Consumer Service Division The Consu
Page 46 and 47: CONSUMER SERVICE COMPLAINTS CALENDA
Page 48 and 49: CONSUMER SERVICE COMPLAINTS CALENDA
Page 50 and 51: Employer Coverage Unit The Employer
Page 52 and 53: Financial Accounting Unit The Finan
Page 54 and 55: Financial Conditions Division The p
Page 56 and 57: FINANCIAL CONDITIONS DIVISION West
Page 58 and 59: FINANCIAL CONDITIONS DIVISION West
Page 60 and 61: WEST VIRGINIA ESSENTIAL PROPERTY IN
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2009 Summary of West Virginia Opera
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American Retirement Life Insurance
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ADP Totalsource, Inc. d/b/a ADP Tot
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FINANCIAL CONDITIONS DIVISION Merit
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FINANCIAL CONDITIONS DIVISION Compa
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FINANCIAL CONDITIONS DIVISION Risk
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National Health Club Purchasing Gro
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FINANCIAL CONDITIONS DIVISION Name
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ADA Risk Purchasing Group, Inc. (Am
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FINANCIAL CONDITIONS DIVISION Liqui
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Office of Inspector General—Fraud
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The following chart depicts statist
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James R. Hiroskey Jr., age 25 of Lo
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Ramona Mack, age 40 of Winfield, pl
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Jennifer Jo & Matthew Nichols, ages
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Senate Bill 284 - Relating to Viati
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Senate Bill 537 - Relating to Worke
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Senate Bill 537 -continued §33-2-2
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House Bill 3047 - Clarifying that t
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114 CSR 42 - Continuing Education f
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09-EO-03 - Emergency Order entered
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DISCIPLINARY ACTIONS Individual Ins
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Market Conduct Unit Four (4) “Agr
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Employer Violator System (EVS) The
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MANAGED HEALTH CARE PLANS: The West
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A Client Reporting process was deve
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Non-Workers’ Compensation Matters
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Rates and Forms Division The Rates
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2009 Filings by Product Commercial
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Approved Rate Change History of Top
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Private Passenger Auto Market Share
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 76.87% $4
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Admitted Assets, Liabilities, Net W
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Admitted Assets, Liabilities, Commo
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Domestic Property Insurers Common P
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Admitted Assets, Liabilities, Capit
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Admitted Assets, Liabilities, Capit
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