Section 17B:25-42 - Violations, penaltiesa. A violation of this act shall be a violation of N.J.S. 17B:30-1 et seq.b. Pursuant to the authority provided to the commissioner under N.J.S. 17B:30-1 et seq., the commissioner may, upon finding a violation occurred or is occurring, order: (1) an insurer to take reasonably appropriate corrective action regarding any consumer harmed by a violation relating to an annuity issued by the insurer; or(2) a third party insurance producer, or an agent, representative or member of a fraternal benefit society not required to be licensed as an insurance producer in accordance with section 32 of P.L. 1997, c. 322(C.17:44B-32), who is authorized to act on behalf of the insurer, to take reasonably appropriate corrective action regarding any consumer harmed by a violation relating to an annuity negotiated and sold by the insurance producer or non-licensed society agent, representative or member.c. The commissioner may, as permitted under N.J.S. 17B:30B-1 et seq., alter, modify, or set aside, in whole or in part, any order concerning a penalty for a violation, if the corrective action ordered pursuant to subsection b. of this section occurs promptly to the satisfaction of the commissioner.Added by L. 2008, c. 88,s. 9, eff. 4/1/2009.