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.
| Issue Date: | 2005-07-27 |
|---|---|
| Revised Date: | 2022-08-09 |
Legal Cites
- Insurance Code sec. 406.004
Origin:
2005 by S.B. 1592, S.B. 1605, 79th Leg., R.S.
Purpose
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 |
Administering Agencies
Previously administered by the Texas Department of Insurance.
Note
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 Values
| USAS Title | INSURANCE SECURITIES TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |