58-5A-11. Procedure at hearing--Evidence admissible.

At the public hearing required by § 58-5A-9, the person filing the statement, the insurer, any person to whom notice of hearing was sent, and any other person whose interests may be affected thereby shall have the right to present evidence, examine and cross-examine witnesses, and offer oral and written arguments and in connection therewith shall be entitled to conduct discovery proceedings in the same manner as is presently allowed in the circuit court of this state. All discovery proceedings shall be concluded not later than three days prior to the commencement of the public hearing.

Source: SL 1972, ch 267, § 9.

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.