South Dakota § 58-5A-11.1 Cost of hearing officer--Retention of various experts at acquiring person's expense.

South Dakota Statutes

§ 58-5A-11.1 — Cost of hearing officer--Retention of various experts at acquiring person's expense.

South Dakota § 58-5A-11.1

Title 58INSURANCE

Ch. 58-4AINSURANCE HOLDING COMPANIES

This text of South Dakota § 58-5A-11.1 (Cost of hearing officer--Retention of various experts at acquiring person's expense.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-5A-11.1 (2026).

Text

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.

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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.