2009 New Jersey Code
TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:29AA
17:29AA-26 - Penalties;  notice;  hearing;  suspension of licenses; certificate

17:29AA-26.  Penalties;  notice;  hearing;  suspension of licenses; certificate
    In addition to any other penalty or forfeiture provided by law, the commissioner may, if he finds that any person, partnership, association, corporation, insurer, or rating organization has willfully violated any provision of this act, impose a penalty of not less than $25.00 nor more than $500.00 for each violation.  No such penalty shall be imposed, except upon at least 10 days' written notice to such person, partnership, association, corporation, insurer, or rating organization, specifying the specific violation, and naming a date and place for a hearing on the violation so charged.  If the commissioner shall find, upon the evidence placed before him at the hearing, that the person, partnership, association, corporation, insurer, or rating organization is guilty of any violation of the provisions of  this act, he shall make an order briefly stating his findings, and specifying  the penalty imposed.  The imposition of such a penalty shall, in the case of a  licensed broker, or agent, or in the case of a rating organization,  automatically suspend the license of the broker or agent or rating organization  until such time as the penalty shall be paid.  The commissioner may file in the  office of the Clerk of the Superior Court, a certificate stating the amount of  any penalty assessed pursuant to the provisions of this section, and the name  of the person, partnership, association, corporation, insurer, or rating  organization against whom or which the penalty has been assessed, and thereupon  the Clerk of the Superior Court shall enter upon his record of docketed judgments the certificate, or an abstract thereof, and shall duly index the same.  From the time of the docketing, the certificate shall have the same effect as a judgment obtained in the Superior Court, Law Division, and the commissioner shall have all remedies and may take all the proceedings for the  collection thereof which may be had or taken upon the recovery of such a  judgment.

     L.1982, c. 114, s. 26.