Texas Insurance Code

§ 201.002 — ACCOUNTING PROCEDURE

IN § 201.002Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part A. GENERAL PROVISIONS · Ch. 201. COLLECTION OF REVENUE AND ADMINISTRATION OF FUNDS · Art. A. GENERAL PROVISIONS

Statute text

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The commissioner shall maintain a procedure to account for the receipt, disbursement, and allocation of money deposited in the Texas Department of Insurance operating account, including recordkeeping procedures adequate for:

(1)the commissioner or comptroller, as applicable, to adjust the tax assessments and fee schedules as authorized by this code; and

(2)the state auditor to determine the source of all receipts and expenditures.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.