New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 4 - ACTUARIAL SERVICES
Subchapter 17 - HEALTH INSURANCE SOLICITATION
Section 11:4-17.7 - Penalties
Universal Citation: NJ Admin Code 11:4-17.7
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Any person who, after notice and hearing, is determined by the Commissioner to be in violation of this regulation shall be liable to a penalty not exceeding $ 2,000 for each violation. In addition to, or in lieu thereof, the Commissioner may revoke or suspend the license or certificate of authority of any such agent, broker, consultant, or insurer.
(b) An insurer may be held legally accountable for violations of this regulation by any of its agents. If any agent is fined pursuant to this regulation, an equivalent fine may be levied against the insurer responsible for the agent's actions.
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