Texas Insurance Code
§ 823.152 — EMPLOYMENT OF EXPERTS
IN § 823.152Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 823. INSURANCE HOLDING COMPANY SYSTEMS · Art. D. CONTROL OF DOMESTIC INSURER; ACQUISITION OR MERGER
Statute text
View on source(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.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.