17:46B-37 - Additional penalty
17:46B-37.Ā Additional penalty
Any person who pays, allows or gives, or offers to pay, allow or give, or who receives or offers to receive any commission, rebate, discount, abatement, credit or reduction of premium or any special favor or advantage or valuable consideration or inducement whatever in violation of sections 34 and 35 of thisĀ act shall be liable to the State of New Jersey for a penalty not exceeding fiveĀ times the amount of such commission, or unlawful rebate, discount, abatement,Ā credit or reduction of premium or any special favor or advantage or valuableĀ consideration or inducement whatever in addition to any other penalty imposedĀ by law.
L.1975, c. 106, s. 37, eff. May 29, 1975.
Any person who pays, allows or gives, or offers to pay, allow or give, or who receives or offers to receive any commission, rebate, discount, abatement, credit or reduction of premium or any special favor or advantage or valuable consideration or inducement whatever in violation of sections 34 and 35 of thisĀ act shall be liable to the State of New Jersey for a penalty not exceeding fiveĀ times the amount of such commission, or unlawful rebate, discount, abatement,Ā credit or reduction of premium or any special favor or advantage or valuableĀ consideration or inducement whatever in addition to any other penalty imposedĀ by law.
L.1975, c. 106, s. 37, eff. May 29, 1975.