New Jersey Statutes 56:12-95.1. Regulated entity, disclosure of information, certain
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Terms Used In New Jersey Statutes 56:12-95.1
- Contract: A legal written agreement that becomes binding when signed.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
4. A regulated entity shall disclose, in a manner and form prescribed by the director the following:
a. the identities of all of the principals of the regulated entity and, if applicable, of any parent company or other affiliated entity that provides or administers service contracts in the United States;
b. information regarding any litigation or enforcement matters concerning service contracts filed or prosecuted during the prior five years in which a principal identified in subsection a. of this section was named or involved; and
c. information concerning the regulated entity’s business operations, which shall include the total amounts collected in provider’s fees and the total amounts paid out in claims or charges for services provided under the contract.
L.2022, c.91, s.4.