Tex. Ins. Code § 823.152 · Subchapter D. CONTROL OF DOMESTIC INSURER; ACQUISITION OR MERGER
EMPLOYMENT OF EXPERTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.823.htm
- Text hash
- sha256 8428f51d2e3830d96fea6f8542c4e17541854cb857177e985f9d22996a35fe11
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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