Cost of hearing officer--Retention of various experts at acquiring person's expense

SDCL § 58-5A-11.1, under INSURANCE HOLDING COMPANIES.

SDCL § 58-5A-11.1

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.