How A 4790 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends 2 section(s) of the New Jersey statutes: N.J.S.A. 34:8-45.1; N.J.S.A. 34:8-45.1a.

• N.J.S.A. 34:8-45.1

  $250,000 $250,000 $1 million or more, but , be prepared by an independent third-party practitioner based on a review of the firm's financial statements and records, general management, and internal controls, which review shall be conducted in compliance with the standards and procedures developed by the director pursuant to subsection b. of section 2 of P.L.2014, c.29 (C.34:8-45.1a). → $500,000 The audit shall be submitted no later than September 30th of the calendar year in which it is due. The audit shall be submitted no later than September 30th of the calendar year in which it is due. $500,000 in compensation include information concerning: (i) the health care service firm's insurance coverages; (ii) any litigation the health care service firm is a party to and a list of all regulatory actions taken by the Division of Consumer Affairs in the Department of Law and Public Safety against the health care service firm, including any disposition of same for the previous three years; (iii) any independent contractors used by the health care service firm for the subject year; and (iv) transactions and liabilities that exceed 50 percent of the firm's total billings or liabilities, as appropriate. If the Division of Consumer Affairs in the Department of Law and Public Safety determines that, based on the information provided by the health care service firm in the report, there is reason to doubt the health care service firm's financial viability, the division may seek additional information from the health care service firm or make an adverse finding and order the health care service firm to take corrective action. Once the health care service firm complies with or completes the terms of any ordered corrective action, the division shall deem the health care service firm compliant with the requirements of this subsection. , who is or by any other jurisdiction of the United States,

  amended

• N.J.S.A. 34:8-45.1a

  2. 3. → (Deleted by amendment, P.L. , c. ) (pending before the Legislature as this bill). 3. 4.

  amended