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Texas State Library and Archives Commission

Texas State Board of Insurance, Office of the Deputy Commissioner, Financial Monitoring Group:

An Inventory of Records at the Texas State Archives, 1974-1979


Overview

Creator: Texas. State Board of Insurance. Financial Monitoring Group.
Title: Records
Dates: 1974-1979
Abstract: 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.
Quantity: 9 cubic ft.
Language English.

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.

Restrictions

Restrictions on Access

None.

Restrictions on Use

None.

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.

Administrative Information

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.

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.

Processing Information

Paul B. Beck, March 1989

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.
box
1989/065-1 Agenda File, 1976.
Automobile Insurance - Rates, Legal Opinions, Interpretations, etc., 1974-1975.
Brayton, R.W. - Weekly Activity Reports, 1976.
Budget:
- Budget File, 1978-1979.
- Budget, Activity and Program Decision Packages, 1978-1979.
- Budget for, 1977-1978.
- Budget Committee, 1976.
- Budget Submitted, Final, 1976.
Chronological Reading File:
- Correspondence, 1978.
- Correspondence, 1977.
- Correspondence, 1976.
- Correspondence, 1975.
- Correspondence, 1974-1975.
- Memorandums, 1978.
- Memorandums, 1977.
- Memorandums, 1976.
- Memorandums, 1975.
- Memorandums, 1974.
Correspondence, General:
- 1977.
- 1976.
- 1975.
- 1974.
box
1989/065-2 Examination Division, Personnel File, 1976-1977.
Examination Report Summary and Control Sheets, 1978-1979.
Federal Reserve Bank of Dallas, 1976.
Financial Monitoring Group, 1975-1976.
Group Insurance Program, State Employees, S.B. 18, 1976.
Guaranty Act - Casualty, 1975-1978.
Guaranty Funds - Assessments, 1975-1976.
Guaranty Association - Texas Life, Accident, Health, and Hospital Service:
- 1975.
- 1976-1977.
- 1977-1978.
- Meeting, April 14, 1977.
Guaranty Association - Texas Property and Casualty, 1978.
box
1989/065-3 H. B. 1837 - Administration, 1975.
H.M.O.s [Health Maintenance Organizations], 1977.
Hearing File, 1975.
Hearings - Charles Lee Johnson, 1974.
Hearing "Notice Letters," 1975-1977.
Insurance Guaranty Funds Subcommittee, 1974.
Internal and Personnel, 1974-1975.
Job Analysis Information, 1976.
Legislation:
- 1974-1975.
- 1973-1976.
- Draft amending Art. 21.11-2, 1975.
- Pending, 1975
- Proposed:
- Sixty-sixth Legislature, 1976.
- Sixty-fifth Legislature, 1975.
- Selected Bills, 1975.
box
1989/065-4 Legislative Matters, 1977.
List of Insurance Commissioners, 1975-1977.
Liquidator's Task Force, 1974-1977.
Liquidation Division File, 1974-1976.
Memo - General, 1974-1975.
Memorandums, Joseph D. Hawkins - General, 1975-1976.
Memos, 1974-1977.
Methods & Procedures, Monthly Progress Reports, Management Improvement Program, 1977.
box
1989/065-5 Methods & Procedures, Monthly Progress Reports, Management Improvement Program, 1976.
Methods & Procedures, Operations Audit, 1977.
Miscellaneous Confidential File, 1974.
Miscellaneous:
- 1978.
- 1977.
- 1976.
- 1974-1975.
- Folder 1. Undated,
- Folder 2. Undated,
Municipal Bonds, 1978.
National Association of Insurance Commissioners, (NAIC):
box
1989/065-6 Miscellaneous:
- 1978.
- 1977.
- 1974-1976.
Model Plan of Operation, Access to Public Information, 1972-1973.
Meetings:
- Dallas, 1977.
- Minneapolis, 1977.
- New Orleans Convention, June 1976.
- Seattle, June 1975.
- Mexico City, December 1974.
- San Francisco, June 1974.
Subcommittees:
- B-7, Reinsurance Task Force, 1976.
- B-3, Insurance Guaranty Fund, 1975-1977.
box
1989/065-7 Zone IV Meeting, Des Moines, 1974.
Zone V Meeting, Oklahoma City, 1974.
Zone II Meeting, South Carolina, 1975.
Liquidation Task Force Meeting, St. Louis, 1976.
Non-Admitted Insurers Information Office, Confidential Bulletins, 1974-1976.
Regulatory Subcommittee Task Force, Tom I. McFarling, Chairman, 1974.
National Committee on Insurance Guaranty Funds, Chicago, Illinois, 1976-1978.
Nettle, Cecil A., 1976.
Personnel:
- Examination, 1978.
- Financial Monitoring, 1978.
- General, 1978.
- Holding Company, Job Task Descriptions, 1979.
- Liquidation Division, 1978.
- Responsibilities by Division, 1974-1976.
Procedural Memos, 1974-1977.
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.
box
1989/065-8 July 31, 1976 to June 30, 1977
box
1989/065-9 July 31, 1977 to June 30, 1978