N.J. Admin. Code § 11:28-1.5

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:28-1.5 - Costs of license application and renewal reviews

(a) The Commissioner may have the initial application reviewed by outside experts, with the costs of the review paid by the applicant. The applicant will be billed the actual costs for such a review, up to a maximum of $ 4,000. The outside review is of an advisory nature only and the Commissioner will make the determination regarding approval or disapproval of an application. The cost for the review/analysis of an initial application for licensure as a captive conducted by Department staff shall be based upon the number of hours devoted by Department staff to the review/analysis of the application and the salary levels of the staff members who perform or support those functions. Such salary levels will range from approximately $ 35.00 per hour for administrative/clerical support staff to approximately $ 100.00 per hour for senior professionals in the Captives Unit. In no event shall the cost for such a review exceed $ 4,000. The cost for a license renewal review shall be $ 300.00. Payments for these costs are non-refundable.

(b) All checks or money orders shall be made payable to: State of New Jersey - General Treasury.