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New Jersey Statutes, Title: 17B, INSURANCE
Chapter 30: Declaration of purpose
Section: 17B:30-31: Additional record of claims.
6. a. In addition to the annual audit required by section 5 of this act, the payer shall maintain and report to the commissioner on no less than a quarterly basis, a record of claims as provided in paragraphs (1) through (9) of subsection a. of section 5 of this act.
b. After reviewing a report, the commissioner may require an immediate audit of the payer by a private audit firm and after reviewing the audit, if he deems it necessary, may proceed with a remediation or monitoring procedure as provided by subsection b. of section 5 of this act.
L.1999,c.155,s.6.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17b:30-31 (if available):
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