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: | |
|---|---|
| Revised Date: | 2022-08-09 |
Legal Citations
- Insurance Code sec. 887.057
Origin:
1939
Purpose
To hold in trust cash or securities equal to the largest risk assumed on any one life or person by mutual assessment companies; these deposits are to be liable for the payment of all judgments against such organizations.
| 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.
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
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 | MUTUAL ASSESSMT INS CO TR ACCT |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |