SECTION 33.7. Fiscal Year  


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  • A fiscal year is a period of 12 months ending on the last day of any month. The department will recognize a fiscal year only if it is established as the certificate-of-authority-holder's annual accounting period, and the books and records are kept corresponding to that period. The Commissioner must be notified of any change of fiscal year under §33.508 of this title (Relating to Occasional Required Filings).

Source Note: The provisions of this §33.7 adopted to be effective March 9, 1989, 14 TexReg 986; amended to be effective March 14, 1996, 21 TexReg 1765.