P&CNJmedium
Under the New Jersey Insurance Fraud Prevention Act, what enforcement order may the DOBI Commissioner issue against a person engaged in a fraudulent insurance act?
AA federal criminal indictment returnable in U.S. District Court
BA binding decree of disbarment from the New Jersey Bar
A cease and desist order, with civil penalties and restitution
DAn automatic forfeiture of all real property without hearing
Why this is the answer
N.J.S.A. 17:33A-25, part of the Insurance Fraud Prevention Act (IFPA), empowers the Commissioner to issue cease-and-desist orders and to impose tiered civil penalties and restitution following an OAL contested-case hearing under the APA.
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