Rutgers Law

New Jersey Statutes, Title: 17B, INSURANCE

    Chapter 27b:

      Section: 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.



This section added to the Rutgers Database: 2013-06-10 16:36:30.

Older versions of 17b:27b-23 (if available):

Court decisions that cite this statute: CLICK HERE.