New Jersey § 17B:27F-10 Violations, penalties.

New Jersey Statutes

§ 17B:27F-10 — Violations, penalties.

New Jersey § 17B:27F-10

Title 17BINSURANCE

This text of New Jersey § 17B:27F-10 (Violations, penalties.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17B:27F-10 (2026).

Text

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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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.