710 Ind. Admin. Code 4-12-6

Current through January 8, 2025

Section 710 IAC 4-12-6 - Settlement offers

Authority: IC 23-19-6-5

Affected: IC 23-19-5-9

Sec. 6.

(a) Parties may propose in writing offers of settlement that shall be submitted to and considered by the commissioner where:

(1) time;

(2) the nature of the proceeding; and

(3) the public interest;

permit. The offers may be made at any time, prior to the entry of a final order, including prior to the initiation of proceedings. Where the commissioner deems it appropriate, he or she may also give the party making the offer an opportunity to make an oral presentation to the commissioner.

(b) Where the commissioner rejects an offer of settlement:

(1) the party making the offer shall be notified of the commissioner's action;

(2) the offer of settlement shall be deemed withdrawn; and

(3) the offer and any documents relating thereto shall not constitute a part of the record.

710 IAC 4-12-6

Securities Division; 710 IAC 4-12-6; filed Jun 28, 2010, 2:36 p.m.: 20100728-IR-710100044FRA

Readopted filed 5/12/2016, 1:47 p.m.: 20160608-IR-710160136RFA

Readopted filed 11/30/2022, 4:01 p.m.: 20221228-IR-710220301RFA