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 Cites
- Insurance Code sec. 912.305
Origin:
1937
Purpose
To hold in trust cash or securities deposited by County Mutual Insurance Companies; deposits liable for payment of judgments against such companies.
| 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 | COUNTY MUTUAL INS COMP 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