Purpose
To receive money from taxes and fees as required by the Insurance Code and money received by the Board from sales, reimbursements and fees authorized by other statutes.
The money in this account may be used for the purposes authorized by law. The Commissioner shall administer and may spend money pursuant to laws, rules of the board, and the General Appropriations Act. This account replaces the non-statutory Insurance Board Operating Fund, established in 1955 by the General Appropriations Act.
Revenue that is related to the examination of insurers or other regulated entities by the financial examinations division or actuarial division is deposited in account with the Texas Treasury Safekeeping Trust Company.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Per S.B. 928, 68th Leg., R.S., as of September 1, 1983, this account receives all money previously deposited to Appropriated Funds 0010, 0013, 0014, 0054, 0085, 0093, 0103, 0110, 0113, 0115, 0119, 0124, 0161, 0162, and 0178 through 0184.
Amended by H.B. 2, 72nd Leg., R.S. Exempt from loss of dedication (§ 403.094, Government Code) by H.B. 3050, 74th Leg., R.S.
Examination revenue exception added by S.B. 1291, 82nd Leg., R.S., effective 9-1-11.
S.B. 1665, 83rd, Leg., R.S. permits reimbursement of from Texas Department of Insurance Local Operating Fund (1006) for administrative support and examination costs.
USAS Values
| USAS Title | GR ACCT-TX DEPT INS OPERATING |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |