Sec. 823.152. EMPLOYMENT OF EXPERTS. (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.
Structure Texas Statutes
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
Section 823.151. Presumption of Control
Section 823.152. Employment of Experts
Section 823.153. Controller of Domestic Insurer Considered Domestic Insurer
Section 823.155. Amendment of Statement
Section 823.156. Notice Expenses
Section 823.157. Approval of Acquisition, Change, or Divestiture of Control
Section 823.159. Hearing; Time of Determination
Section 823.160. Deadline for Completion of Acquisition
Section 823.161. Insurer's Duty to Notify
Section 823.162. Prohibition on Certain Actions Related to Acquisition of Control or Merger
Section 823.163. Retention of Control