U.S. Department of Commerce

Federal, State, and Local Governments
Government Finance and Employment Classification Manual
DESCRIPTIONS OF FUNCTIONAL CATEGORIES
 
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FUNCTION CODE:   Y5* NAME:    Other State Insurance Trust Systems
SECTOR:    General APPLIES TO:    Finance |X|    Employment | |
PUBLICATION CATEGORIES:    Insurance Trusts
DEFINITION:    Distribution of cash benefits to eligible persons under state-administered plans for compulsory or voluntary social insurance programs not elsewhere classified.
EXAMPLES:   Benefits: Claims paid directly to, or on behalf of, beneficiaries for lost income, medical care, disaster reimbursement, and other eligible expenses. Other Payments: Exhibit-only code for administration of insurance plans (also report at Financial Administration, code 23); recorded losses on investments (also deduct from Other Investment Earnings, code Y55); other costs or payments not representing benefits (except purchase of investments).
EXCLUSIONS:   Local government payments to state systems (report as local current operation expenditure of function involved); state government payments to own insurance trusts (interfund transfer); purchase of investments; self-insurance, risk management, insurance against fire or other hazards, and other types of non-social insurance (generally, report at Other and Unallocable, code 89); payments on group health, life, or other fringe benefit insurance plans for its employees (report at function involved or at code 89). Exclude administrative costs from benefits and report them both at codes Y54 and 23.
REFERENCES: - To be added later -
 
OTHER NOTES:   (1) At this writing, only seven states operate other insurance trust systems: four for disability insurance and one each for medical disaster insurance, life insurance, and automobile liability insurance. (2) These data are collected by a separate mail canvass survey of state insurance trust systems. (3) Report state employment data for administering these systems at code 23. (4) See Chapter 11 for a definition of a social insurance trust system.
 
DETAILED CODE LIST WITH COVERAGE OF DATA COLLECTION*
 
  General Purpose Governments
EXPENDITURES, DIRECT: Federal StateD.C. Large City-County Other LocalSpecial District
Y53 Benefits and Withdrawals N YN N NN
 
EXHIBIT-ONLY CODE:  
Y54 Other Payments N YN N NN
 
* Shows whether data are collected (Y) or not (N) for that type.

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