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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) The Texas Department of Insurance operating account is an account in the general revenue fund. The account includes the following:
(1) taxes and fees received by the commissioner or comptroller that are required by this code to be deposited to the credit of the account; and
(2) money or credits received by the department or commissioner from sales, reimbursements, and fees authorized by law other than this code, including money or credits received from:
(A) charges for providing copies of public information under Chapter 552, Government Code; 1
(B) the disposition of surplus or salvage property under Subchapters C and D, Chapter 2175, Government Code;
(C) the sale of publications and other printed material under Section 2052.301, Government Code;
(D) miscellaneous transactions and sources under Section 403.011 or 403.012, Government Code;
(E) charges for postage spent to serve legal process under Section 17.025, Civil Practice and Remedies Code;
(F) the comptroller involving warrants for which payment is barred under Chapter 404, Government Code;
(G) sales or reimbursements authorized by the General Appropriations Act; and
(H) the sale of property purchased with money from the account or a predecessor fund or account.
(b) The commissioner shall administer money in the account and may spend money from the account in accordance with state law, rules adopted by the commissioner, and the General Appropriations Act.
(c) Money deposited to the credit of the account may be used for any purpose for which money in the account is authorized to be used by law.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 201.001. Texas Department of Insurance Operating Account - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-201-001/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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