Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 3. DEPARTMENT FUNDS, FEES, AND TAXES |
Subtitle A. GENERAL PROVISIONS |
Chapter 201. COLLECTION OF REVENUE AND ADMINISTRATION OF FUNDS |
Subchapter A. GENERAL PROVISIONS |
Sec. 201.002. ACCOUNTING PROCEDURE
Latest version.
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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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.