17:48H-17. Examination of licensed organized delivery system
113 words·~1 min read·
/nj/title-17/chapter-48h/17-48h-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17. The Commissioner of Banking and Insurance may conduct an examination of a licensed organized delivery system as often as the commissioner deems necessary in order to protect the interests of providers, contract holders, enrollees, and the residents of this State. A licensed organized delivery system shall make its relevant books and records available for examination by the commissioner, and retain its records in accordance with a schedule established by the commissioner by regulation.
The reasonable expenses of the examination shall be borne by the licensed organized delivery system being examined. In lieu of such examination, the commissioner may accept the report of an examination made by the commissioner of another state.
L.1999,c.409,s.17.