| Issue Date: | 2007-09-01 |
|---|---|
| Revised Date: | 2021-09-14 |
Legal Citations
- Insurance Code sec. 651.005, sec. 651.006
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.
Collecting Agencies
Deposit Funds
Texas Treasury Safekeeping Trust Company
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 (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 |