17B:27B-23 - Suspension, revocation of certification - New Jersey Statutes

17B:27B-23  Suspension, revocation of certification.

23.  The commissioner may suspend or revoke a certification issued pursuant to this act if he finds that the third party billing service:

a.is using methods or practices in the conduct of its business that render its further transaction of business in this State hazardous or injurious to its clients or the public;

b.has failed to pay any judgment rendered against it within 60 days after the judgment has become final;

c.has violated any lawful rule or order of the commissioner or any provision of the laws of this State;

d.has, without just cause, refused or failed to perform services arising under its contracts with clients;

e.has been convicted of, or has entered a plea of guilty or nolo contendere to a felony or crime of the first, second or third degree in this State, without regard to whether adjudication was held; or

f.is under suspension or revocation in another State.

If the commissioner finds that one or more grounds exist for the suspension or revocation of a certification issued under this act, the commissioner may, in lieu of suspension or revocation, impose a fine upon the third party billing service.

L.2001,c.267,s.23.