Section 17B:27C-10 - Revocation, suspension of certificate of registration; violations, penaltiesa. The commissioner may revoke or suspend the certificate of registration of any self-funded multiple employer welfare arrangement that fails to correct any inadequacy pursuant to section 9 of this act or violates any provision of this act.b. Any person who violates any provision of this act or the rules and regulations issued pursuant thereto shall be liable to a penalty of not more than $1,000 for a first offense and not more than $5,000 for each subsequent offense. L. 2001, c. 352, s. 10, eff. 4/6/2002.