State of Texas – Fiscal Management

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Revenue Object 3206 – Insurance Company Fees – Prepaid Funeral Benefits

Local

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.

Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: 1955 by the 54th Leg.
Issue Date:
Revised Date: 2020-10-29

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




Notes


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 26
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



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