N.J. Admin. Code § 11:4-59A.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:4-59A.6 - Compliance mitigation; penalties

(a) An insurer shall be responsible for compliance with this subchapter. If a violation occurs, either because of the action or inaction of the insurer or its insurance producer, the Commissioner may order:

1. An insurer to take reasonably appropriate corrective action for any consumer harmed by the insurer's, or by its insurance producer's, violation of this subchapter;

2. A general agency, independent agency, or the insurance producer to take reasonably appropriate corrective action for any consumer harmed by the insurance producer's violation of this subchapter; and

3. Appropriate penalties and sanctions pursuant to law, including penalties as authorized pursuant to N.J.S.A. 17B:25-42.

N.J. Admin. Code § 11:4-59A.6