New Jersey Statutes
§ 17B:27F-10 — Violations, penalties.
New Jersey·Title 17B INSURANCE
7. a. 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 penalty in an amount not exceeding the greater of:
(1)a penalty of $5,000 for a first violation and a penalty of $10,000 for each subsequent violation; or (2) the aggregate gross receipts attributable to all violations. b. In addition to any other penalties permitted by law, the Commissioner of Banking and Insurance may require a pharmacy benefits manager that violates the provisions of P.L.2015, c.179 (C.17B:27F-1 et seq.) to make restitution and pay compensatory damages, in an amount to be determined by the commissioner, to any person injured by the violation. L.2019, c.274, s.7; amended 2023, c.107, s.12.
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Nearby Sections
15
§ 17B:27F-1
Definitions.§ 17B:27F-10
Violations, penalties.§ 17B:27F-3.1
Carrier duties, responsibilities.§ 17B:27F-3.4
Carrier, use of pharmacy benefits manager, administer, manage, prescription drug benefits, claims, parameters.§ 17B:27F-5
Rules, regulations.§ 17B:27F-6
Regulations, pharmacy benefits managers.§ 17B:27F-8
Commissioner review, approval.§ 17B:27F-9
Applicability of C.17B:27F-1 et seq.