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New Jersey Statutes, Title: 17B, INSURANCE
Chapter 27f: Pharmacy Benefits Managers
Section: 17B:27f-10: Violations, penalties.
7. a. A pharmacy benefits manager that violates any provision of P.L.2015, c.179 (C.17B:27F-1 et seq.) shall be subject to a penalty in an amount not exceeding the greater of:
(1) a penalty of $5,000 for a first violation and a penalty of $10,000 for each subsequent violation; or
(2) the aggregate gross receipts attributable to all violations.
b. In addition to any other penalties permitted by law, the Commissioner of Banking and Insurance may require a pharmacy benefits manager that violates the provisions of P.L.2015, c.179 (C.17B:27F-1 et seq.) to make restitution and pay compensatory damages, in an amount to be determined by the commissioner, to any person injured by the violation.
L.2019, c.274, s.7; amended 2023, c.107, s.12.
This section added to the Rutgers Database: 2023-10-20 18:06:51.
Older versions of 17b:27f-10 (if available):
Court decisions that cite this statute:
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