Issue Date: 2007-09-01
Revised Date: 2017-12-15

Legal Cites

Object Type

Cash — Insurance

Origin Date

1979 by S.B. 378, 66th Leg.

Description

Each licensed insurance premium finance company shall pay an assessment to cover costs of compliance examinations and investigations. The assessment also covers a proportionate share of general administrative expense attributable to regulation of licensees.

Due Date

As determined by the department.

Note

Recodified by H.B. 2922, 78th Leg., R.S.

The Financial Examination Division and Actuarial Division become self-directed, effective September 1, 2011. The financial program continued within the department through a one year transition period. On September 1, 2012 on finding of fact by the Comptroller, money related to self-directed funding was transferred from GR Account -- Department of Insurance Operating (No 0036) to the Texas Treasury Safekeeping Trust Company (Fund 1006) per S.B 1291, 82nd Leg., R.S.

USAS Values

Appropriation Year 20
USAS Title INSURANCE DEPT EXAM/AUDIT FEES
Receipt Category 04 – Insurance
Receipt Type 30 – State Service Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES