Efficiencies at the North Dakota Insurance Department have led the state’s insurance commissioner to ask for a reduced operating budget for 2015 – 2017, the department announced.
North Dakota Insurance Commissioner Adam Hamm testified before the Senate Appropriations Committee presenting a reduced operating expense request for the second biennium in a row.
Hamm told lawmakers the agency has found ways to increase efficiency and reduce costs.
The department’s 2015-2017 operating expense request is a 12 percent reduction from the previous budget. The operating expense line of the budget is one part of the department’s overall budget that includes salaries, benefits, IT and other pass through funds.
The insurance department’s total budget request for 2015-2017, excluding pass-through grants related to firefighters, was submitted at $11,040,704 which is a hold even from the previous biennium.
Source: North Dakota Insurance Department
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