Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle B. ORGANIZATION OF REGULATED ENTITIES |
Chapter 823. INSURANCE HOLDING COMPANY SYSTEMS |
Subchapter D. CONTROL OF DOMESTIC INSURER; ACQUISITION OR MERGER |
Sec. 823.152. EMPLOYMENT OF EXPERTS
Latest version.
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(a) The commissioner may employ an attorney, actuary, accountant, or other expert who is not a member of the commissioner's staff and who is reasonably necessary to assist in analyzing a merger or acquisition of control proposed under Section 823.154.
(b) The acquiring person shall pay all reasonable expenses incurred in connection with the employment of a person under this section.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.