{"data":{"id":"us-nj/n.j.-stat.-17b-25-42","jurisdiction":"us-nj","citation":"N.J. Stat. § 17B:25-42","heading":"Violations, penalties.","body":"9. a. A violation of this act shall be a violation of N.J.S.17B:30-1 et seq.\nb.\tPursuant to the authority provided to the commissioner under N.J.S.17B:30-1 et seq., the commissioner may, upon finding a violation occurred or is occurring, order:\n(1)\tan insurer to take reasonably appropriate corrective action regarding any consumer harmed by a violation relating to an annuity issued by the insurer; or\n(2)\ta third party insurance producer, or an agent, representative or member of a fraternal benefit society not required to be licensed as an insurance producer in accordance with section 32 of P.L.1997, c.322 (C.17:44B-32), who is authorized to act on behalf of the insurer, to take reasonably appropriate corrective action regarding any consumer harmed by a violation relating to an annuity negotiated and sold by the insurance producer or non-licensed society agent, representative or member.\nc.\tThe commissioner may, as permitted under N.J.S.17B:30B-1 et seq., alter, modify, or set aside, in whole or in part, any order concerning a penalty for a violation, if the corrective action ordered pursuant to subsection b. of this section occurs promptly to the satisfaction of the commissioner.\nL.2008, c.88, s.9.","path":["TITLE 17B INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"30681ac12ebd425ec14b0b466d90588bc7acf2039963ac34eb21cf7135e19918","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17b-25-41","next":"us-nj/n.j.-stat.-17b-26-1"},"notice":"GroundRules: Original legal text. Not legal advice."}