N.J.S.A 17:48H-10 Civil administrative penalty.

17:48H-10 Civil administrative penalty.

10. The Commissioner of Banking and Insurance may, upon notice and hearing, assess a civil administrative penalty in an amount not less than $250 nor more than $10,000 for each day that a certified organized delivery system is in violation of this act. Penalties imposed by the commissioner pursuant to this section may be in lieu of, or in addition to, suspension or revocation of a certification pursuant to this act. A penalty may be recovered in a summary proceeding pursuant to “The Penalty Enforcement Law of 1999,” Phamplet Law 1999, Chapter 274 (C. 2A:58-10 et seq.).

L.1999, C. 409, S.10; amended 2012, C. 17, S.46.

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