Overview
Texas. State Board of
Insurance.
Financial Monitoring Group.
Records
1974-1979
Types of records
present include correspondence and memoranda, reports, orders, minutes,
newsletters, and balance sheets. These records are dated 1974-1979 and document
the insurance regulation activities of the Financial Monitoring Group of the
Texas State Board of Insurance through state and federal legislation relating
to insurance, correspondence with insurance companies, and liquidation of
insurance companies.
9 cubic ft.
English.
Restrictions on Access
None.
Restrictions on Use
None.
Preferred Citation
(Identify the item and cite the series), Records, Financial
Monitoring Group, Office of the Deputy Commissioner, Texas State Board of
Insurance. Archives and Information Services Division, Texas State Library and
Archives Commission.
Agency History
The office of the Deputy Insurance Commissioner supervised the
Financial Monitoring Group of the Texas State Board of Insurance from 1974 to
1979. During this period, the group was responsible for monitoring financial
practices of insurance companies and supervised, conserved, liquidated, or
acted as receiver for companies with financial problems. This group also issued
licenses to allow insurance companies to practice in Texas, maintained charters
and records, made regular financial examinations of the companies, and enforced
the Insurance Holding Company Act and the Insider Trading Act. The group was
composed of four divisions: Liquidation, Examination, Supervision and
Rehabilitation, and Holding Company and Acquisition. The Financial Monitoring
Group was reorganized in 1981/1982 when both the Conservation and the
Liquidation Divisions were placed directly under the supervision of the
Commissioner of Insurance. The other functions of the Group were assigned to
the new Corporate and Financial Affairs Group.
Scope and Contents of the Records
Types of records include incoming and outgoing correspondence and
memos, Texas State Board of Insurance planning reports, copies of court orders
and official orders from the Board of Insurance dealing with receiverships and
liquidations, minutes of insurance association meetings, clippings, newsletters
and the monthly balance sheets for all insurance companies in such financial
difficulty that they were under court orders to be liquidated by the State
Board of Insurance. The records date from 1974 to 1979.
The files reflect both the internal management of the Financial
Monitoring Group and its supervision of insurance companies in financial or
legal difficulty. The Liquidation Division of the Financial Monitoring Group
administered the liquidation of insurance companies. As part of this process,
the Division kept track of the amount and location of assets of the companies
with monthly balance sheets.
To prepare this preliminary inventory, the described materials were
cursorily reviewed to delineate series, to confirm the accuracy of contents
lists, to provide an estimate of dates covered, and to determine record
types.
Organization of the Records
These records are organized into two series:
- Alphabetical subject files, 1974-1979, 7 cubic ft.
- Balance sheets for all receiverships, 1976-1978, 2 cubic ft.
Index Terms
The terms listed here were used to catalog the
records. The terms can be used to find similar or related records.
Subjects:
Insurance--Texas--State
supervision.
Liquidation--Texas.
Document Types:
Correspondence--Texas--Insurance--1974-1979.
Memorandums--Texas--Insurance--1974-1979.
Reports--Texas--Insurance--1974-1979.
Orders--Texas--Insurance--1974-1979.
Minutes--Texas--Insurance--1974-1979.
Balance
sheets--Texas--Insurance--1974-1979.
Functions:
Regulating
insurance.
Related Material
The following materials are offered as
possible sources of further information on the agencies and subjects covered by
the records. The listing is not exhaustive.
Texas State
Archives
None.
Processing Information
Paul B. Beck, March 1989
Accession Information
Accession number: 1989/065
These records were transferred to the Archives and Information
Services Division of the Texas State Library and Archives Commission by the
Records Management Division of the Texas State Library and Archives Commission
on December 6, 1988.
Detailed Description of the Records
Alphabetical subject files,
1974-1979,
7 cubic ft.
Types of records include incoming and outgoing correspondence and
memos, Board of Insurance planning reports, copies of court orders and official
orders from the Board of Insurance dealing with receiverships and liquidations,
minutes of insurance association meetings, clippings, and newsletters.
Records consist of subject files from the office of Mr. Tom I.
McFarling, the Deputy Insurance Commissioner in charge of the Financial
Monitoring Group from 1974-1979.
The files reflect both the internal management of the Financial
Monitoring Group and its supervision of insurance companies in financial or
legal difficulty. For example, the files marked Personnel contain records concerning McFarling's
supervision of the staff of the Financial Monitoring Group while folders
labeled Chronological Reading Files consist of
McFarling's outgoing memos and correspondence with insurance companies. Other
folders show his involvement with the National Association of Insurance
Commissioners (NAIC), the Texas Property and Casualty Insurance Guaranty
Association, and with pending federal and state legislation on insurance
matters.
Arrangement
These records are arranged alphabetically by subject.
1989/065-1
Agenda File,
1976.
1989/065-1
Automobile Insurance - Rates, Legal Opinions,
Interpretations, etc.,
1974-1975.
1989/065-1
Brayton, R.W. - Weekly Activity Reports,
1976.
1989/065-1
Budget:
1989/065-1
- Budget File,
1978-1979.
1989/065-1
- Budget, Activity and Program Decision Packages,
1978-1979.
1989/065-1
- Budget for,
1977-1978.
1989/065-1
- Budget Committee,
1976.
1989/065-1
- Budget Submitted, Final,
1976.
1989/065-1
Chronological Reading File:
1989/065-1
- Correspondence,
1978.
1989/065-1
- Correspondence,
1977.
1989/065-1
- Correspondence,
1976.
1989/065-1
- Correspondence,
1975.
1989/065-1
- Correspondence,
1974-1975.
1989/065-1
- Memorandums,
1978.
1989/065-1
- Memorandums,
1977.
1989/065-1
- Memorandums,
1976.
1989/065-1
- Memorandums,
1975.
1989/065-1
- Memorandums,
1974.
1989/065-1
Correspondence, General:
1989/065-1
-
1977.
1989/065-1
-
1976.
1989/065-1
-
1975.
1989/065-1
-
1974.
1989/065-2
Examination Division, Personnel File,
1976-1977.
1989/065-2
Examination Report Summary and Control Sheets,
1978-1979.
1989/065-2
Federal Reserve Bank of Dallas,
1976.
1989/065-2
Financial Monitoring Group,
1975-1976.
1989/065-2
Group Insurance Program, State Employees, S.B. 18,
1976.
1989/065-2
Guaranty Act - Casualty,
1975-1978.
1989/065-2
Guaranty Funds - Assessments,
1975-1976.
1989/065-2
Guaranty Association - Texas Life, Accident, Health, and
Hospital Service:
1989/065-2
-
1975.
1989/065-2
-
1976-1977.
1989/065-2
-
1977-1978.
1989/065-2
- Meeting,
April 14, 1977.
1989/065-2
Guaranty Association - Texas Property and Casualty,
1978.
1989/065-3
H. B. 1837 - Administration,
1975.
1989/065-3
H.M.O.s [Health Maintenance Organizations],
1977.
1989/065-3
Hearing File,
1975.
1989/065-3
Hearings - Charles Lee Johnson,
1974.
1989/065-3
Hearing Notice Letters,
1975-1977.
1989/065-3
Insurance Guaranty Funds Subcommittee,
1974.
1989/065-3
Internal and Personnel,
1974-1975.
1989/065-3
Job Analysis Information,
1976.
1989/065-3
Legislation:
1989/065-3
-
1974-1975.
1989/065-3
-
1973-1976.
1989/065-3
- Draft amending Art.
21.11-2, 1975.
1989/065-3
- Pending,
1975
1989/065-3
- Proposed:
1989/065-3
- Sixty-sixth Legislature,
1976.
1989/065-3
- Sixty-fifth Legislature,
1975.
1989/065-3
- Selected Bills,
1975.
1989/065-4
Legislative Matters,
1977.
1989/065-4
List of Insurance Commissioners,
1975-1977.
1989/065-4
Liquidator's Task Force,
1974-1977.
1989/065-4
Liquidation Division File,
1974-1976.
1989/065-4
Memo - General,
1974-1975.
1989/065-4
Memorandums, Joseph D. Hawkins - General,
1975-1976.
1989/065-4
Memos,
1974-1977.
1989/065-4
Methods & Procedures, Monthly Progress Reports,
Management Improvement Program,
1977.
1989/065-5
Methods & Procedures, Monthly Progress Reports,
Management Improvement Program,
1976.
1989/065-5
Methods & Procedures, Operations Audit,
1977.
1989/065-5
Miscellaneous Confidential File,
1974.
1989/065-5
Miscellaneous:
1989/065-5
-
1978.
1989/065-5
-
1977.
1989/065-5
-
1976.
1989/065-5
-
1974-1975.
1989/065-5
-
Undated, Folder 1.
1989/065-5
-
Undated, Folder 2.
1989/065-5
Municipal Bonds,
1978.
National Association of Insurance Commissioners,
(NAIC):
1989/065-6
Miscellaneous:
1989/065-6
-
1978.
1989/065-6
-
1977.
1989/065-6
-
1974-1976.
1989/065-6
Model Plan of Operation, Access to Public Information,
1972-1973.
1989/065-6
Meetings:
1989/065-6
- Dallas,
1977.
1989/065-6
- Minneapolis,
1977.
1989/065-6
- New Orleans Convention,
June 1976.
1989/065-6
- Seattle,
June 1975.
1989/065-6
- Mexico City,
December 1974.
1989/065-6
- San Francisco,
June 1974.
1989/065-6
Subcommittees:
1989/065-6
- B-7, Reinsurance Task Force,
1976.
1989/065-6
- B-3, Insurance Guaranty Fund,
1975-1977.
1989/065-7
Zone IV Meeting, Des Moines,
1974.
1989/065-7
Zone V Meeting, Oklahoma City,
1974.
1989/065-7
Zone II Meeting, South Carolina,
1975.
1989/065-7
Liquidation Task Force Meeting, St. Louis,
1976.
1989/065-7
Non-Admitted Insurers Information Office, Confidential
Bulletins,
1974-1976.
1989/065-7
Regulatory Subcommittee Task Force, Tom I. McFarling,
Chairman,
1974.
1989/065-7
National Committee on Insurance Guaranty Funds, Chicago,
Illinois,
1976-1978.
1989/065-7
Nettle, Cecil A.,
1976.
1989/065-7
Personnel:
1989/065-7
- Examination,
1978.
1989/065-7
- Financial Monitoring,
1978.
1989/065-7
- General,
1978.
1989/065-7
- Holding Company, Job Task Descriptions,
1979.
1989/065-7
- Liquidation Division,
1978.
1989/065-7
- Responsibilities by Division,
1974-1976.
1989/065-7
Procedural Memos,
1974-1977.
1989/065-7
Texas State Reporter Newsletter,
1974-1977
Balance sheets for all receiverships,
1976-1978,
2 cubic ft.
Records consist of the monthly balance sheets for all insurance
companies in such financial difficulty that they were under court orders to be
liquidated by the Texas State Board of Insurance. These balance sheets are the
copies sent to the Deputy Commissioner of the Financial Monitoring Group as his
record copy and date from 1976 to 1978.
The Liquidation Division of the Financial Monitoring Group
administered the liquidation of insurance companies. As part of this process,
the Division kept track of the amount and location of assets of the companies
with monthly balance sheets. The monthly balance sheets list the total assets
and liabilities of each company. The balance sheets are in alphabetical order
by company name and list the total assets and liabilities of each company.
Another listing shows the bank balance and certificates of deposit of each
company and in which banks these funds were being kept.
Arrangement
These records are arranged in chronological order.
1989/065-8
July 31, 1976 to June 30, 1977
1989/065-9
July 31, 1977 to June 30, 1978