Part 2 – Insurance Purchases and Premium Dollars Spent in FY24

This part of the Annual Report by State Agencies captures data regarding each agency’s insurance expenditures in FY24 using Comptroller Expenditure Codes. You must also supply information on insurance policies that were purchased in FY24.

Once submitted, data cannot be updated. So, please confirm your final figures before submitting Part 2. Once the data in Part 2 is submitted, you will receive a confirmation message with instructions to continue to the Microsoft Form for Part 3.

Requests for corrections and/or additions after Part 2 is submitted must be sent to your agency’s SORM Enterprise Risk Specialist.

1.    Insurance Expenditures

Please enter expenditures for the Comptroller categories below. If you did not have expenditures in a particular category, please enter $0.

• 7204 – Insurance Premiums and Deductibles
• 7205 – Employee Bonds
• 7216 – Insurance Premium Approved by Texas Department of Insurance and Attorney General
• 7244 – Insurance Premiums and Deductibles – No Approval Required

2.    Insurance Purchases

You will need to enter basic information for each insurance policy that your agency purchased during FY24. You can enter information on up-to ten (10) different insurance purchases. If you need to provide information on more than ten insurance purchases  or did not provide a copy of an insurance policy during the SORM 201 process, you will need to send  the information separately to sorminsuranceteam@sorm.texas.gov.

This section does not apply to insurance purchased through SORM’s sponsored lines or health and life insurance policies.