State of Texas – Fiscal Management

Manual of Accounts

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Fund 0919 – Mutual Assessment Insurance Companies Trust Account

Inactive

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:
Origin Date: 1939
Issue Date:
Revised Date: 2022-08-09

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



Financial Activity


To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:


Notes


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
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities


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