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Texas Insurance Code - Section 201.002. Accounting Procedure

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 201.002. Accounting Procedure

§ 201.002. ACCOUNTING PROCEDURE.  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.

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

Last modified: August 11, 2007