New Jersey Statutes 17:29E-8. Powers relative to trade, marketing practices
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Terms Used In New Jersey Statutes 17:29E-8
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Subpoena: A command to a witness to appear and give testimony.
54. With respect to trade or marketing practices, the ombudsman may:
a. Conduct an investigation regarding an insurer’s trade practices, including claims settlement practices and marketing practices;
b. Make the necessary inquiries and obtain such information as he deems necessary;
c. Hold a hearing;
d. Inspect any books or records which may be necessary for the investigation;
e. Compel any person to produce at a specific time and place, by subpoena, any documents, books, records, papers, objects or other evidence which he believes may relate to the investigation.
The ombudsman shall report his findings to the commissioner with respect to the trade practices or marketing practices under investigation.
L.1998,c.21,s.54.