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Can a disciplinary hearing and a hearing concerning a claim against the Guaranty Fund be held at the same time if the facts in the situation are the same?

  1. Yes

  2. No

  3. Only if approved

  4. Depends on circumstances

The correct answer is: Yes

In situations where both a disciplinary hearing and a hearing regarding a claim against the Guaranty Fund involve the same facts, it is permissible to conduct them simultaneously. This is grounded in the principles of administrative efficiency and the desire to resolve related matters in a unified manner, which often streamlines the process for all parties involved. By addressing both hearings together, it allows for a comprehensive assessment of the facts pertinent to both the disciplinary issues at hand and the claims related to the Guaranty Fund. As a result, handling these hearings concurrently can prevent redundant efforts and simplify the resolution process, saving time and resources for both the regulatory body and the individuals involved. Thus, this approach aligns with best practices in regulatory proceedings, supporting the notion that hearings addressing similar issues can indeed overlap.