§ 25.11. Expenses of experts and consultants.
(a) Under sections 1402(f)(3) and 1405(a)(4) of the act (40 P. S. § § 991.1402(f)(3) and 991.1405(a)(4)), the Department may retain attorneys, actuaries, accountants and other experts not otherwise a part of the Departments staff as may be reasonably necessary to assist the Department in the evaluation of a filing under this chapter. The Department will provide the person filing with written notice of the engagement of an outside expert, including the experts name, the terms of engagement and a cost estimate, and will consider any possible cost-saving alternatives suggested by the person filing.
(b) The cost of experts retained by the Department will be charged to and paid by the person filing the statements or a designee of the person acceptable to the Department.
(c) The Department will require hourly charges for experts retained by the Department be comparable to prevailing rates for the services.
(d) In addition to hourly charges, the Department will require that charges for travel, lodging and food expenses of experts retained by the Department be comparable to prevailing rates for similar services and made in accordance with provisions set forth in letters of engagement.
The provisions of this § 25.11 amended under section 337.8 and Article XIV of The Insurance Company Law of 1921 (40 P. S. § § 459.8 and 991.1401991.1413).
The provisions of this § 25.11 adopted July 30, 1982, effective July 31, 1982, 12 Pa.B. 2382; amended September 3, 1993, effective September 4, 1993, 23 Pa.B. 4216; amended August 10, 2001, effective August 11, 2001, 31 Pa.B. 4406. Immediately preceding text appears at serial pages (245445) to (245446).
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