P&CNJmedium
Under DOBI's general unfair trade practices enforcement authority, civil penalties are most accurately characterized as which of the following?
Tiered per-violation penalties with higher amounts for willful violations, plus restitution
BA single flat $100 fine regardless of the number of violations or whether the conduct was willful
CLimited to nonmonetary written reprimands only, with no authority to order restitution or costs
DDetermined solely by the insurer's board of directors without any DOBI oversight or approval
Why this is the answer
Under the NJ Unfair Trade Practices Act and related provisions, DOBI imposes civil penalties on a per-violation basis with higher maximums for knowing or willful conduct. Restitution to harmed consumers and recovery of investigation costs are also available remedies.
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