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: | 2015-11-20 |
|---|---|
| Revised Date: | 2022-08-09 |
Legal Cites
- Insurance Code sec. 842.203
Origin:
1939
Purpose
To hold money deposited by a non-profit hospital service corporation. For each 1,000 or fraction of 1,000 members, $100 shall be deposited, up to $2,000. These deposits are liable for the payment of all judgments against such corporations. Upon payment of a judgment, the amount shall be immediately replenished.
| 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
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 | GROUP HOSPITAL INS CO TR ACCT |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |