Texas Insurance Code 401.103 – Appointment of Examiners and Actuaries
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(a) The department shall appoint:
(1) a chief examiner and the number of assistant examiners the department considers necessary to conduct examinations of insurance companies, corporations, and associations at the expense of the insurance company, corporation, or association as provided by law; and
(2) the number of actuaries the department considers necessary to:
(A) advise the department in connection with the performance of the department’s duties; and
(B) otherwise aid and counsel the department in connection with the examinations.
(b) The department may increase or decrease the number of examiners or actuaries as needed for examination duties.
Terms Used In Texas Insurance Code 401.103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.