• Consumers

  • Producers/Agents

  • Companies

Accounting Division

Terese Toby, Accounting Director

The Accounting Division is responsible for providing timely and accurate financial services for the Department of Insurance's approximately 150 employees in accordance with State and Federal guidelines. The Division accounts for receipts and disbursements associated with the general operations of the Department, which includes the following divisions:

  • Producer Licensing
  • Rates and Forms
  • Consumer Services
  • Human Resources
  • Examination
  • Legal
  • Information Technology
  • State Fire Marshal
  • Receivership
  • Preneed
  • Office of the Commissioner
  • Accounting

Responsibilities of the Accounting Division include analyzing and reporting on annual departmental receipts of approximately $275 million distributed to the General Fund, Special Trust Fund, Mental Health Fund, and various Insurance Department funds.

The Accounting Division also performs the following functions:

  • Prepares the Department’s annual budget request, operations plan, quarterly performance report, smart plan, and smart quarterly performance report
  • Prepares monthly financial statements and other financial information
  • Balances CAS and AFNS reports monthly
  • Processes Department’s payroll
  • Maintains leave records
  • Maintains property records and conducts annual property inventory audits
  • Performs purchasing functions for Department’s supplies and equipment
  • Determines internal control procedures
  • Opens and distributes Department’s mail
  • Acts as a system liaison to Information Technology and Producer Licensing Divisions to ensure that all producer fees for license applications, appointments, and renewals are collected