17B:27C-10 - Revocation, suspension of certificate of registration; violations, penalties
17B:27C-10 Revocation, suspension of certificate of registration; violations, penalties.
10. a. The commissioner may revoke or suspend the certificate of registration of any self-funded multiple employer welfare arrangement that fails to correct any inadequacy pursuant to section 9 of this act or violates any provision of this act.
b.Any person who violates any provision of this act or the rules and regulations issued pursuant thereto shall be liable to a penalty of not more than $1,000 for a first offense and not more than $5,000 for each subsequent offense.
L.2001,c.352,s.10.