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. 4051.052
Origin:
1969
Purpose
To hold in trust cash or securities exclusively for the protection of any customer of such corporation recovering a final judgment against such corporation.
| 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
Cash and other securities no longer accepted. Fund was inactivated November, 2015.
USAS Values
| USAS Title | INSURANCE RECORD AGENT 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