Issue Date: | 2005-07-27 |
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Revised Date: | 2013-02-28 |
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 [?] |
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Depository Interest | Credited to General Revenue Fund (0001) |
Disposition of Balance | Accumulative |
Appropriation Technique | Not appropriated for state expenditure |
Administering Agencies
Note
Recodified by H.B. 2636, 80th Leg., R.S.
USAS Values
USAS Title | INSURANCE SECURITIES TRUST FUND |
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Consolidated Fund | |
State Fund Group | 08 - TRUST FUNDS |
USAS Status | I |
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities