N.J. Admin. Code § 11:4-62.6

Current through Register Vol. 56, No. 21, November 4, 2024

Section 11:4-62.6 - Penalties

(a) Failure to comply with the terms of this subchapter shall result in the imposition of penalties as authorized by law.

(b) A pharmacy benefits manager that fails to file a certificate of compliance as required by N.J.A.C. 11:4-62.5 may, after notice and opportunity for a hearing, be subject to a penalty of up to $ 1,000 for each violation.

(c) A pharmacy benefits manager that fails to comply with the requirements of N.J.S.A. 17B:27F-1 et seq., or N.J.A.C. 11:4-62.3 and 62.4 may, after notice and opportunity for a hearing, be subject to a penalty of not less than $ 5,000 or more than $ 10,000 for each violation.

(d) Penalties shall be imposed in accordance with the procedures set forth in N.J.A.C. 11:17D.

N.J. Admin. Code § 11:4-62.6

Adopted by 50 N.J.R. 198(b), effective 1/2/2018