Tex. Insurance Code § 441.207
This is the official text of Tex. Insurance Code § 441.207, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 441.207. INSURER EMPLOYEES DURING SUPERVISION OR CONSERVATORSHIP.
Official statutory text
(a) Notwithstanding any other provision of this chapter, an insurer may employ an attorney, actuary, and accountant of the insurer's choice to assist the insurer during supervision. The supervisor shall authorize payment from the insurer for the reasonable fees and expenses of the attorney, actuary, or accountant.
(b) The supervisor, conservator, or commissioner shall, to the maximum extent possible, use the insurer's employees instead of outside consultants, actuaries, attorneys, accountants, and other personnel or department employees to minimize the expense of rehabilitation or the necessity of fees to cover the cost of rehabilitation.
(b) The supervisor, conservator, or commissioner shall, to the maximum extent possible, use the insurer's employees instead of outside consultants, actuaries, attorneys, accountants, and other personnel or department employees to minimize the expense of rehabilitation or the necessity of fees to cover the cost of rehabilitation.
Status: in_force · Read it on the official government site
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