State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7216 – Insurance Premiums - Approved By Board of Insurance and Attorney General
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Object Type: Cash — Other Expenditures
Reference:
Issue Date: 1993-09-01
Revised Date:

Description


To record payments of insurance premiums which require pre-payment approval by Texas Attorney General and State Board of Insurance authorized by TEX. GOV'T CODE ANN., Ch. 612

Expenditure code 7216 includes, but is NOT limited to:

  • Insurance Premiums (approved by Dept. of Insurance and Attorney General)
  • Insurance Premiums (vehicles)


Notes


This code does NOT include all other payments for insurance when statutorily authorized but require pre-payment audit approval of the State Office of Risk Management (7204), or that require no pre-payment audit approval (7244).


USAS Values


Appropriation Year 26
USAS Title INS PREM-APP BY BD OF INS & AG
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 04 – OTHER EXPENDITURES



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