Texas Comptroller of Public Accounts
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Revenue Object 3216 – Insurance Department Examination and Audit Fees – Premium Finance Companies |
| Legal Citations: |
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| Revenue Type: Cash — Insurance |
| Origin Date: 1979 by S.B. 378, 66th Leg. |
| Issue Date: 2007-09-01 |
| Revised Date: 2021-09-14 |
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.
As determined by the department.
Texas Treasury Safekeeping Trust Company
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.
| 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 |