Accounting Procedure

Tex. Insurance Code § 201.002, under Collection of Revenue and Administration of Funds.

Tex. Insurance Code § 201.002

Sec. 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, Sec. 1, eff. April 1, 2005.