Texas Comptroller of Public Accounts
This fund is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated funds may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.
| Legal Citations: |
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| Origin Date: 2005 by S.B. 1592, S.B. 1605, 79th Leg., R.S. |
| Issue Date: 2005-07-27 |
| Revised Date: 2022-08-09 |
The commissioner may require an insurer to make a deposit if the commissioner determines that one of the following conditions may potentially be hazardous to the policyholders, enrollees, creditors or to the public: financial condition of the insurer, method of operation, relationship with affiliates, nature and amount of investments, contracts that may lead to a contingent liability or agreements with respect to guaranty and surety.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure |
Previously administered by the Texas Department of Insurance.
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Recodified by H.B. 2636, 80th Leg., R.S.
Fund was never used and inactivated November, 2015. Revenues are deposited to Life, Health, Accident and Casualty Insurance Companies Trust Account (0921).
| USAS Title | INSURANCE SECURITIES TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |