| Issue Date: | 2021-09-14 |
|---|---|
| Revised Date: |
Legal Citations
- Insurance Code sec. 401.151, sec. 401.152, sec. 401.156
Object Type
Cash — Insurance
Origin Date
1931 by the 42nd Leg.
Description
Each insurance company must pay expenses for examination of records by Department of Insurance.
Due Date
At the time of the examination.
Collecting Agencies
Deposit Funds
Texas Treasury Safekeeping Trust Company
Note
Deposit changed from Insurance Examination Fund (0054) to GR Account - Department of Insurance Operating (0036) by S.B. 928, 68th Leg., R.S.
Amended by S.B. 1156, 69th Leg., R.S., to include principal offices located outside Texas.
Amended by H.B. 81, 70th Leg., R.S.
Amended by H.B. 2, 72nd Leg., R.S.
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 (0036) to the Texas Treasury Safekeeping Trust Company per S.B. 1291, 82nd Leg., R.S.
USAS Values
| Appropriation Year | 25 |
|---|---|
| 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 |