Insurance Department Fund Created

Act 285 of 1921, § 220, under "INSURANCE DEPARTMENT ACT OF 1921, THE".

Act 285 of 1921, § 220

Section 220. Insurance Department Fund Created.--The sum of one hundred and seventy-five thousand dollars ($175,000) of the fees collected in each fiscal year in accordance with section two hundred and eleven of this act shall each year be kept separate and apart by the State Treasurer in a fund known as "Insurance Department Fund;" and shall be expended under direction of the Insurance Commissioner for the administration of the Insurance Department, which shall include payment of salary of the Insurance Commissioner and the Deputy Commissioner, salary and compensation of the regular clerical force, extra clerks, stenographers and extra stenographers, cashiers and assistant cashiers, accountants, auditors, messengers, janitors, investigators, inspectors, appraisers, examiners and assistant and special examiners, special deputies, actuaries, assistant and special actuaries, court expenses and counsel fees, notary public fees, hotel expenses, meals, baggage, transportation, and traveling expenses, including automobile hire, and for telegrams, postage, and telephones, and for rental and equipment and maintenance of branch offices of the department, and for contingent expenses, including in the discretion of the Insurance Commissioner any printing and the purchase of office supplies; and for such purposes such moneys are hereby specifically appropriated. The Auditor General shall from time to time upon requisition of the Insurance Commissioner draw his warrant for the amounts of said requisitions.

Any balance remaining in said fund at end of each fiscal year over and beyond obligations paid or contracted for in the fiscal year by the Insurance Commissioner or necessary for the purposes of the department, as hereinbefore provided, shall be paid over to the general fund of the State by warrant of the Auditor General upon requisition of the Insurance Commissioner.

(220 added May 6, 1925, P.L.513, No.277)