2009 New Jersey Code
TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:29A
17:29A-18 - Suspension of license;  procedure

17:29A-18.  Suspension of license;  procedure
    Any rating organization which violates any provision of this act shall be subject to suspension of its license.  Failure of a rating organization to comply with the provisions of any order of the commissioner within the time limited by such order, or any extension thereof as the commissioner may, in his  discretion grant, shall, if no proceeding in lieu of prerogative writ has been  taken for review of such order, automatically suspend the license of such  rating organization.  No order suspending a license because of a violation of  any provision of this act shall be made by the commissioner, except upon ten  days' notice to such rating organization, specifying the particular violation.   If such rating organization shall make a request therefor in writing within  the ten-day period, the commissioner shall name a time and place for a hearing,  at which such rating organization shall be given opportunity to make its defense.  At the conclusion of such hearing, the commissioner shall make such  order as in his judgment the evidence shall warrant.  A suspension of license  shall be effective until modified or rescinded by order of the commissioner  upon proof that the violation of the provisions of this act no longer continue,  or upon proof that the rating organization has complied with the terms of any  prior order made by the commissioner, or until the order of the commissioner  upon which such suspension is based is reversed or modified upon a review  thereof by a proceeding in lieu of prerogative writ.

     L.1944, c. 27, p. 79, s. 18.  Amended by L.1953, c. 17, p. 249, s. 118.