The Commissioner of Banking and Insurance, in consultation and collaboration with the Director of the Division of Consumer Affairs in the Department of Law and Public Safety, shall promulgate regulations pursuant to the "Administrative Procedure Act," P.L. 1968, c.410 (C.52:14B-1 et seq.) necessary to effectuate the provisions of P.L. 2003, c. 64(C.46:10B-22 et seq.).
N.J.S. § 46:10B-35