New Jersey Statutes
§ 17B:30-31 — Additional record of claims.
New Jersey·Title 17B INSURANCE
6.
a.In addition to the annual audit required by section 5 of this act, the payer shall maintain and report to the commissioner on no less than a quarterly basis, a record of claims as provided in paragraphs (1) through (9) of subsection a. of section 5 of this act.
b.After reviewing a report, the commissioner may require an immediate audit of the payer by a private audit firm and after reviewing the audit, if he deems it necessary, may proceed with a remediation or monitoring procedure as provided by subsection b. of section 5 of this act. L.1999,c.155,s.6.
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Nearby Sections
15
§ 17B:30-1
Declaration of purpose§ 17B:30-10
Stock acquisition, common management§ 17B:30-11
Interlocking directorate§ 17B:30-12
Discrimination prohibited; terms defined.§ 17B:30-13
Rebates and special inducements§ 17B:30-13.1
Unfair claim settlement practices§ 17B:30-13.2
Record of complaints§ 17B:30-14
Exceptions to discrimination and rebates§ 17B:30-15
Enumeration of acts not exclusive§ 17B:30-16
Commissioner's powers of investigation§ 17B:30-18
Procedures as to undefined practices§ 17B:30-19
Appeal by intervenor§ 17B:30-2
Practices prohibited§ 17B:30-20
Violation of cease and desist order; penalty