This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date:
Revised Date: 2020-10-29

Legal Citations

  • Finance Code sec. 154.054, sec. 154.102, sec. 154.108, sec. 154.3525

Object Type

Cash — Insurance

Origin Date

1955 by the 54th Leg.

Description

Each person selling prepaid funeral benefits shall pay an examination fee in an amount set by the Finance Commission, based on the sellers total outstanding contracts and extraordinary expenses required for out-of-state investigation, if applicable. An applicant must also pay a filing fee to obtain a permit and an annual renewal fee. 

Due Date

Deposit Funds

  • An account with the Texas Safekeeping Trust Company.

Note

Amended by H.B. 744, 70th Leg., R.S.

Amended by H.B. 2499, 73rd Leg., R.S.

Amended by H.B. 1763, 77th Leg., R.S.

Amended by H.B. 3762, 81st Leg., R.S.

Previously deposited to General Revenue Fund (No. 0001). Effective 9-1-09, H.B. 2774, 81st Leg., R.S., made the Texas Department of Banking, Agency 451, a semi-independent agency with funds in the Texas Safekeeping Trust Company.

USAS Values

Appropriation Year 25
USAS Title INSURANCE COMPANY FEES
Receipt Category 04 – Insurance
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES