17:48F-12 - Examination by commissioner - New Jersey Statutes

17:48F-12  Examination by commissioner.

12.The commissioner may conduct an examination of a prepaid prescription service organization as often as he deems necessary in order to protect the interests of providers, contract holders, enrollees, and the residents of this State.  An organization shall make its relevant books and records available for examination by the commissioner, and retain its records in accordance with a schedule established by the commissioner by regulation.  The reasonable expenses of the examination shall be borne by the organization being examined.  In lieu of such examination, the commissioner may accept the report of an examination made by the commissioner of another state.

L.1997,c.380,s.12.