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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05A - Insurance Holding Companies
§ 58-5A-11.1 Cost of hearing officer--Retention of various experts at acquiring person's expense.
Universal Citation: SD Codified L § 58-5A-11.1 (2019)
58-5A-11.1. Cost of hearing officer--Retention of various experts at acquiring person's expense. If the director appoints a hearing officer to preside at the hearing pursuant to § 58-5A-9, the cost of employing the hearing officer shall be borne entirely by the entity making the filing of the information statement required by § 58-5A-4.
The director may retain at the acquiring person's expense any attorneys, actuaries, accountants, and other experts not otherwise a part of the director's staff as may be reasonably necessary to assist the director in reviewing the proposed acquisition of control.
Source: SL 1985, ch 388; SL 1992, ch 341, § 6.
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