Ga. Comp. R. & Regs. R. 80-12-6-.04 - Third-Party Expert Agreement

(1) In the event the Department enters into an agreement with a third-party expert for the purpose of aiding the Department in evaluating an MALPB charter application or examining or investigating an MALPB, the agreement may provide, among other items, that:

(a) All fees and costs incurred by the third-party expert will be paid by the MALPB;

(b) The fees can vary depending on the service provided by the third-party expert but as set forth in a general fee schedule;

(c) The purpose of the agreement is to aid the Department in determining if the MALPB, its holding companies, and affiliates have complied with the Act, the rules promulgated pursuant to the Act, and are operating in a safe and sound manner;

(d) The Department will direct the focus and scope of the third-party expert's analysis including, but not limited to, the accounts, records, affairs, data, or information to be reviewed;

(e) The third-party expert shall produce at least one detailed report to the Department which shall reach conclusions about its review and provide the support for the conclusions in the report;

(f) The third-party expert shall have access to all of the records of the MALPB, its holding companies and affiliates that the Department can review;

(g) All information reviewed by the third-party expert shall be confidential and not subject to disclosure other than to the Department or as may otherwise be required by law; and

(h) All services shall be performed in accordance with applicable professional standards.

Notes

Ga. Comp. R. & Regs. R. 80-12-6-.04

O.C.G.A. §§ 7-1-66, 7-9-3, 7-9-13.

Original Rule entitled "Third-Party Expert Agreement" adopted. F. Dec. 3, 2013; eff. Dec. 23, 2013. Amended: F. June 15, 2015; eff. July 5, 2015. Amended: F. Oct. 27, 2015; eff. Nov. 16, 2015.