Texas Insurance Code - Section 442.054. Powers Of Special Deputy Receiver
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Texas Lawyer > Insurance Code > Texas Insurance Code - Section 442.054. Powers Of Special Deputy Receiver
§ 442.054. POWERS OF SPECIAL DEPUTY RECEIVER. (a) Unless
restricted by the commissioner, a special deputy receiver has all
the powers of a receiver granted under this code and may perform any
act on behalf of the commissioner as receiver.
(b) If expressly authorized by the commissioner, a special
deputy receiver may employ employees and agents, legal counsel,
actuaries, accountants, appraisers, consultants, and other
personnel the special deputy receiver considers necessary to assist
in the performance of the receiver's duties. The expenses of
employing those persons are expenses of the receivership payable
out of money or other assets of the insurer.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 442.001 442.002 442.003 442.004 442.051 442.052 442.053 442.054 442.055 442.056 442.101 442.102 442.103 442.104 442.105
Last modified: August 11, 2007
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