1. (a) Unless precluded by law, informal disposition may be made of any contested case by stipulation, agreed settlement, consent order or default. An agreement may be negotiated by a party or his attorney and the designated representative of the agency. The acceptance of an agreement is within the discretion of the commissioner.

2. (b) An agreement shall contain:

   1. (1) The signature of each agreeing party or his attorney; and(2) The signature of the commissioner accepting and approving the agreement.

3. (c) An agreement may also contain:

   1. (1) An admission of all jurisdictional facts;
   2. (2) An express waiver of the right to seek judicial review or otherwise challenge or contest the validity of the agreement or any order contained therein;
   3. (3) An express waiver of any requirement that the decision of the agency contain findings of fact and conclusions of law;
   4. (4) A provision that the complaint may be used in construing the terms of the agreement or any order contained therein;
   5. (5) A statement that the agreement or order contained therein shall have the same force and effect as an order entered after a full hearing;
   6. (6) A statement that the agreement or order shall not be effective until accepted and approved by the commissioner; and (7) Any other appropriate provisions.

(Effective June 24, 1986)