New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 17D - INSURANCE PRODUCER STANDARDS OF CONDUCT: ADMINISTRATIVE PROCEDURES AND PENALTIES
Subchapter 2 - ADMINISTRATIVE PROCEDURES AND PENALTIES
Section 11:17D-2.2 - Monetary penalty for time related violations
Universal Citation: NJ Admin Code 11:17D-2.2
Current through Register Vol. 56, No. 6, March 18, 2024
(a) Time related violations shall include the following:
1. When an insurance producer fails to
respond to an inquiry of the Department within the time requested or within 15
calendar days from the date of the inquiry if no response date is given;
or
2. When an insurance producer
fails to act within or continues his or her actions during the time established
or proscribed by a statute, administrative rule or order.
(b) Each calendar day that an insurance producer is in violation of (a)1 or 2 above shall be considered a separate violation and the Commissioner may impose the maximum penalty provided therefor by law.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
