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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 29b: Declaration of purpose
Section: 17:29b-11: Penalty
Any person who violates a cease and desist order of the commissioner under section seven, after it has become final, and while such order is in effect, shall forfeit and pay to the State of New Jersey a sum not to exceed five thousand dollars ($5,000.00) for each violation, which may be recovered in a civil action. In determining the amount of the penalty the question of whether the violation was willful shall be taken into consideration. Nothing herein shall be construed as limiting a court in enforcing its own orders.
L.1947, c. 379, p. 1211, s. 11.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:29b-11 (if available):
Court decisions that cite this statute:
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