New York § 2908 Penalties for violations

New York Statutes

§ 2908 — Penalties for violations

New York § 2908

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Art. 29Pharmacy Benefit Managers

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N.Y. Insurance § 2908 (2026).

Text

§ 2908. Penalties for violations.

(a)The superintendent, in addition\nto any other power conferred by law, may in any one proceeding by order,\nrequire the registrant or licensee who violates the provisions of this\narticle or section two hundred eighty-a of the public health law, or any\nregulation promulgated thereunder to make restitution and pay\ncompensatory damages, in an amount to be determined by the\nsuperintendent, to any person injured by the unlawful actions of said\nregistrant or licensee and to pay to the people of this state a penalty\nin a sum not exceeding the greater of (1) four thousand dollars for each\noffense and ten thousand dollars for each subsequent violation or (2)\nthe aggregate gross receipts attributable to all offenses.\n (b) Upon the failure of such a re

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§ 2908. Penalties for violations. (a) The superintendent, in addition\nto any other power conferred by law, may in any one proceeding by order,\nrequire the registrant or licensee who violates the provisions of this\narticle or section two hundred eighty-a of the public health law, or any\nregulation promulgated thereunder to make restitution and pay\ncompensatory damages, in an amount to be determined by the\nsuperintendent, to any person injured by the unlawful actions of said\nregistrant or licensee and to pay to the people of this state a penalty\nin a sum not exceeding the greater of (1) four thousand dollars for each\noffense and ten thousand dollars for each subsequent violation or (2)\nthe aggregate gross receipts attributable to all offenses.\n (b) Upon the failure of such a registrant or licensee to pay the\npenalty ordered pursuant to subsection (a) of this section within twenty\ndays after the mailing of the order, postage prepaid, registered, and\naddressed to the last known place of business of the licensee, unless\nthe order is stayed by an order of a court of competent jurisdiction,\nthe superintendent may revoke the registration or license of the\nregistrant or licensee or may suspend the same for such period as the\nsuperintendent determines.\n