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New Jersey Statutes - Title 17B Insurance - 17B:27B-23 Suspension, revocation of certification.

Legal Research Home > New Jersey Laws > Insurance > New Jersey Statutes - Title 17B Insurance - 17B:27B-23 Suspension, revocation of certification.

17B:27B-23. Suspension, revocation of certification.

     23. The commissioner may suspend or revoke a certification issued pursuant to this act if he finds that the third party billing service:

     a.     is using methods or practices in the conduct of its business that render its further transaction of business in this State hazardous or injurious to its clients or the public;

     b.     has failed to pay any judgment rendered against it within 60 days after the judgment has become final;

     c.     has violated any lawful rule or order of the commissioner or any provision of the laws of this State;

     d.     has, without just cause, refused or failed to perform services arising under its contracts with clients;

     e.     has been convicted of, or has entered a plea of guilty or nolo contendere to a felony or crime of the first, second or third degree in this State, without regard to whether adjudication was held; or

     f.     is under suspension or revocation in another State.

     If the commissioner finds that one or more grounds exist for the suspension or revocation of a certification issued under this act, the commissioner may, in lieu of suspension or revocation, impose a fine upon the third party billing service.

     L.2001,c.267,s.23.

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Last modified: February 14, 2012