Division

B&i - Insurance Division

B&i - Insurance Division spent $13.9 million in FY2026 — 46% of a $30.1 million budget. It ranks 60 of the state's 109 divisions, less than 1% of all state spending.

That is 6.2% more than in FY2025 ($13.1 million), not adjusted for inflation.

Spent FY2026: $13.9 million$13,895,301
Budget FY2026: $30.1 millionBudget covers 5 of 6 budget accounts.
Share of budget spent: 46%Spent ÷ budget
Change from FY2025: +6.2%FY2025: $13.1 million

4.0% of Department of Business and Industry spending.

Spent each year, FY2006 onwards · dashed line: budgetHistory follows the budget accounts in this division in FY2026, looked up by code in every year.

Year

Compare with

Where the money went

Explore B&i - Insurance Division by budget account: select a block to go a level deeper, or switch views. Totals leave out reserves, pass-through accounts and money paid on to other state accounts.

Budget vs spent, by budget account

5 budget accounts. The largest, B&i - Insurance Regulation, accounts for 84% of the total.

Budget accounts of B&i - Insurance Division, FY2026
Budget account	Spent FY2026	Budget FY2026	% of budget spent	Share
B&i - Insurance Regulation3813

Spent and budget each fiscal year
Fiscal year	Spent	Budget
FY2006	$5.91 million	Not available
FY2007	$6.32 million	Not available
FY2008	$6.84 million	Not available
FY2009	$7.50 million	Not available
FY2010	$7.77 million	$9.14 million
FY2011	$8.29 million	$12.4 million
FY2012	$7.87 million	$11.7 million
FY2013	$7.67 million	$11.8 million
FY2014	$8.16 million	$13.6 million
FY2015	$8.38 million	$13.2 million
FY2016	$11.1 million	$16.1 million
FY2017	$10.7 million	$15.5 million
FY2018	$9.31 million	$12.0 million
FY2019	$9.94 million	$13.2 million
FY2020	$10.9 million	$12.3 million
FY2021	$11.4 million	$17.0 million
FY2022	$10.4 million	$16.6 million
FY2023	$10.5 million	$15.4 million
FY2024	$10.4 million	$13.9 million
FY2025	$13.1 million	$16.5 million
FY2026	$13.9 million	$30.1 million
FY2027	See note	$16.6 million

B&I INSURANCE INSOLVENCY FUND-Non-Exec3802	$1.14 millionof $3.08 million	$3.08 million	37%	8.2%

B&i - Self Insured - Workers Compensation4684	$633 thousandof $818 thousand	$818 thousand	77%	4.6%

B&I INSURANCE SELF INS INSOLVENCY-Non-Exec3804	$482 thousandof $742 thousand	$742 thousand	65%	3.5%

B&i - Captive Insurers3818	$0of minus $1	minus $1	0%	0.0%

Spent each year by budget accounts
Fiscal year	B&i - Insurance Regulation	B&I INSURANCE INSOLVENCY FUND-Non-Exec	B&i - Self Insured - Workers Compensation	B&I INSURANCE SELF INS INSOLVENCY-Non-Exec	Other (2)	Budget
FY2006	$5.03 million	$303 thousand	$379 thousand	—	$198 thousand	—
FY2007	$5.23 million	$235 thousand	$415 thousand	—	$436 thousand	—
FY2008	$5.15 million	$280 thousand	$417 thousand	—

Funding sources by group and revenue ledger code, FY2026 budget
Group	Revenue ledger	Legislature approved	Current budget
Fees, licences and tuition	$14.9 million	$26.0 million
OF	3730 Examination Fees	$2.99 million	$13.1 million
OF	3602 Producer License Assessment	$5.69 million	$5.69 million
OF	3603 Administration and Enforcement Assessment	$3.56 million	$3.56 million
OF	3316 Insurance Fraud Assessments	$2.49 million	$2.77 million
OF

Budget journey for FY2026: each step and the running total
Step	Amount	Running total
Governor recommended	$15.2 million	$15.2 million
Changes made by the Legislature	−$234 thousand= $15.0M	$15.0 million
Legislature approved	$15.0 million	$15.0 million
Accounts outside the operating budget	+$3.82 million= $18.8M	$18.8 million
Federal money added after the session	+$322 thousand= $19.1M	$19.1 million
Money carried over from earlier years	+$891 thousand= $20.0M	$20.0 million
Other changes after the session	+$10.1 million= $30.1M	$30.1 million
Current budget	$30.1 million	$30.1 million

FY2009	$5.27 million	$854 thousand	$391 thousand	—	$985 thousand	—

FY2010	$5.71 million	$556 thousand	$393 thousand	—	$1.11 million	$9.14 million

FY2011	$6.64 million	$839 thousand	$355 thousand	—	$461 thousand	$12.4 million

FY2012	$6.17 million	$705 thousand	$342 thousand	—	$652 thousand	$11.7 million

FY2013	$6.07 million	$535 thousand	$512 thousand	—	$553 thousand	$11.8 million

FY2014	$6.85 million	$304 thousand	$487 thousand	—	$522 thousand	$13.6 million

FY2015	$6.43 million	$669 thousand	$521 thousand	—	$761 thousand	$13.2 million

FY2016	$9.12 million	$778 thousand	$477 thousand	—	$740 thousand	$16.1 million

FY2017	$9.12 million	$519 thousand	$474 thousand	—	$581 thousand	$15.5 million

FY2018	$7.92 million	$373 thousand	$369 thousand	—	$650 thousand	$12.0 million

FY2019	$8.91 million	$155 thousand	$394 thousand	—	$488 thousand	$13.2 million

FY2020	$8.99 million	$946 thousand	$328 thousand	—	$601 thousand	$12.3 million

FY2021	$6.78 million	$3.94 million	$455 thousand	—	$218 thousand	$17.0 million

FY2022	$6.63 million	$2.88 million	$580 thousand	—	$322 thousand	$16.6 million

FY2023	$7.43 million	$2.40 million	$418 thousand	—	$229 thousand	$15.4 million

FY2024	$7.97 million	$1.61 million	$379 thousand	—	$436 thousand	$13.9 million

FY2025	$10.5 million	$1.12 million	$743 thousand	$418 thousand	$338 thousand	$16.5 million

FY2026	$11.6 million	$1.14 million	$633 thousand	$482 thousand	$0	$30.1 million

FY2027	—	—	—	—	—	$16.6 million

Federal funds	$0	$322 thousand
FF	3584 Federal Grant-D	$0	$322 thousand

Federal funds

3584 Federal Grant-D

Everything else	$710 thousand	$2.68 million
OF	4326 Treasurer's Interest Distrib	$58.5 thousand	$774 thousand
OF	4209 Recoveries	$0	$647 thousand
OF	4254 Miscellaneous Revenue	$0	$605 thousand
OF	2505 Allocation From Fund	$558 thousand	$558 thousand
OF	4157 Fines	$82.0 thousand	$82.0 thousand
OF	4659 Transfer From Industrial Relations	$12.3 thousand	$12.3 thousand

Everything else

4326 Treasurer's Interest Distrib

4209 Recoveries

4254 Miscellaneous Revenue

2505 Allocation From Fund

4157 Fines

4659 Transfer From Industrial Relations

Moved between state accounts · not new money	$387 thousand	$387 thousand
IA	4325 Insurance Premiums	$387 thousand	$387 thousand

Moved between state accounts · not new money

4325 Insurance Premiums

Carried over from last year · not new money	$13.4 million	$30.0 million
BF	2511 Balance Forward From Previous Year	$13.4 million	$30.0 million

Carried over from last year · not new money

2511 Balance Forward From Previous Year

B&i - Insurance Division

Where the money went

Budget vs spent, by budget account

Over time

Who pays for it

How the FY2026 budget got here

Notes