§ 28-8-6-401 — Power of director to administer and enforce this chapter

Effective 1-1-2026.
Sec. 401. (a) To administer and enforce this chapter,
the director may, subject to section 402 of this chapter, do any of the
following:
(1) Enter into agreements or relationships with other government
officials or federal and state regulatory agencies and regulatory
associations in order to improve efficiencies and reduce
regulatory burden by:
(A) standardizing methods or procedures; and
(B) sharing resources, records, or related information obtained
under this chapter.
(2) Use, contract for, or employ analytical systems, methods, or
software to examine or investigate any person subject to this
chapter.
(3) Accept, from other state or federal government agencies or
officials, licensing, examination, or investigation reports made by
those other state or federal government agencies or officials.
(4) Accept audit reports made by an independent certified public
accountant or another qualified third party auditor for an applicant
or licensee and incorporate the audit report in any report of
examination or investigation.
(b) The department has broad administrative authority to:
(1) administer, interpret, and enforce this chapter;
(2) promulgate rules implementing this chapter; and
(3) recover the cost of administering and enforcing this chapter by
imposing and collecting proportionate and equitable fees and
costs associated with applications, examinations, investigations,
and other actions required to administer and enforce this chapter.

Legislative History

As added by P.L.222-2025, SEC.5.