State of Texas – Fiscal Management

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Revenue Object 3206 – Insurance Company Fees – Third Party Administrators
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Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: 1987 by H.B. 170, 70th Leg., R.S.
Issue Date: 1987-09-01
Revised Date: 2017-12-15

Description


Third party administrators must pay the following fees which are set by the Commissioner to cover administration costs:

  1. a filing fee not to exceed $1,000 for processing an application for a certificate of authority;
  2. a fee not to exceed $500 for an examination of the administrator's business;
  3. a fee not to exceed $200 for filling an annual report with the Commissioner.


Due Date


At time service is rendered.



Notes


Amended by S.B. 832, 71st 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 (Item 2) 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 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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