Section 710IAC4-12-6. Settlement offers

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(2) the offer of settlement shall be deemed withdrawn; and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

(Securities Division; 710 IAC 4-12-6; filed Jun 28, 2010, 2:36 p.m.: 20100728-IR-710100044FRA; readopted filed May 12, 2016, 1:47 p.m.: 20160608-IR-710160136RFA)