NU Online News Service, Dec.7, 4:05 p.m.EST
The National Association of Insurance Commissioners adopted a$70.9 million operating budget for 2010 at its winter meeting inSan Francisco.
NAIC's outlay includes total revenues of $73.6 million and totalexpenses of $70.9 million, which it said represent a 0.7 percentincrease and an 0.8 percent decrease, respectively, from the 2009budget, for $2.7 million in projected net revenue.
Among the items is $252,000 for commissioner travel to NAICNational Meetings and $250,000 is earmarked for needs-based GrantFunds for NAIC National Meetings.
Net revenue for 2010 was projected as $2,663,271 compared with $1,578,892 for 2009. The expense increase listed for salaries was$2, 049,347.
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