Purpose
To hold until paid, or escheated to the Board of Insurance Commissioners, unclaimed dividends remaining in a receiver's hands after payment of the final dividend of an insurer in liquidation.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure |
Administering Agencies
Note
442.601 recodified from V.T.I.C Art. 21.28, 8(h) by H.B. 2017, 79th Leg., R.S. Repealed by H.B. 2636 and H.B. 3167, 80th Leg., R.S.
443.304 originally added as 21A.304 by H.B. 2157, and recodified under Ch. 443 by H.B. 2636 and H.B. 3167, 80th Leg., R.S.
USAS Values
| USAS Title | INS COMP UNCLAIMED DIV TR ACCT |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | A |
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities