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2022 New Jersey Revised Statutes
Title 17B - Insurance
Section 17B:27F-10 - Violations, penalties.
Universal Citation: NJ Rev Stat § 17B:27F-10 (2022)
17B:27F-10 Violations, penalties.
7. 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. a warning notice;
b. an opportunity to cure the violation within 14 days following the issuance of the notice;
c. a hearing before the commissioner within 70 days following the issuance of the notice; and
d. if the violation has not been cured pursuant to subsection b. of this section, a penalty of not less than $5,000 or more than $10,000 for each violation.
L.2019, c.274, s.7.
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