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Texas Insurance Code - Section 441.207. Insurer Employees During Supervision Or Conservatorship

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 441.207. Insurer Employees During Supervision Or Conservatorship

§ 441.207. INSURER EMPLOYEES DURING SUPERVISION OR 
CONSERVATORSHIP.  (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.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 10, 2007