New Jersey Statutes 17:29A-62. Powers of commissioner
Terms Used In New Jersey Statutes 17:29A-62
- Fraud: Intentional deception resulting in injury to another.
- 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
b. The commissioner shall have the power to enforce the provisions of this act, including the authority to issue orders to cease and desist and to impose a fine of up to $1,000 per violation against any person who violates this act. This section shall not be construed to limit the commissioner’s authority to investigate, enforce and issue penalties pursuant to any other applicable provision of New Jersey law, including, but not limited to, the “New Jersey Insurance Producer Licensing Act of 2001,” P.L.2001, c.210 (C. 17:22A-26 et seq.), P.L.1947, c.379 (C. 17:29B-1 et seq.), and the “New Jersey Insurance Fraud Prevention Act,” P.L.1983, c.320 (C. 17:33A-1 et seq.).
c. The commissioner may adopt rules and regulations, pursuant to the “Administrative Procedure Act,” P.L.1968, c.410 (C. 52:14B-1 et seq.), necessary to effectuate the provisions of this act.
L.2015, c.195, s.9.