2017 New Jersey Revised Statutes
TITLE 17B - INSURANCE
Section 17B:27B-23 - Suspension, revocation of certification.
17B:27B-23 Suspension, revocation of certification.
23. The commissioner may suspend or revoke a certification issued pursuant to this act if he finds that the third party billing service:
a. is using methods or practices in the conduct of its business that render its further transaction of business in this State hazardous or injurious to its clients or the public;
b. has failed to pay any judgment rendered against it within 60 days after the judgment has become final;
c. has violated any lawful rule or order of the commissioner or any provision of the laws of this State;
d. has, without just cause, refused or failed to perform services arising under its contracts with clients;
e. has been convicted of, or has entered a plea of guilty or nolo contendere to a felony or crime of the first, second or third degree in this State, without regard to whether adjudication was held; or
f. is under suspension or revocation in another State.
If the commissioner finds that one or more grounds exist for the suspension or revocation of a certification issued under this act, the commissioner may, in lieu of suspension or revocation, impose a fine upon the third party billing service.
L.2001,c.267,s.23.
