32. The Commissioner of Banking and Insurance shall adopt rules and regulations pursuant to the “Administrative Procedure Act,” P.L.1968, c.410 (C. 52:14B-1 et seq.), to effectuate the purposes of this act.

The commissioner shall adopt the rules and regulations within 180 days of the date of enactment of this act.

L.1999, c.409, s.32; amended 2012, c.17, s.52.