State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3216 – Insurance Department Examination and Audit Fees – Insurers

 

Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: 1931 by the 42nd Leg.
Issue Date: 2021-09-14
Revised Date:

Description


Each insurance company must pay expenses for examination of records by Department of Insurance.



Due Date


At the time of the examination.



Deposit Funds




Notes


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 26
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



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