N.J. Admin. Code § 13:88-3.11 - Post-determination claiming and payment of rewards

(a) Within 20 days of receipt of a notification of reward eligibility pursuant to N.J.A.C. 13:88-3.8, the applicant shall make a formal claim for such reward by forwarding to the OIFP a written acknowledgement of the notification, a request for the reward, and the name and address to which the reward should be delivered.

(b) No reward shall exceed either five percent of the value of the fraud or $ 25,000, whichever is less; if more than one individual or entity is eligible to receive a reward in a particular case, the Insurance Fraud Prosecutor shall allocate the total reward amount (of up to five percent of the value of the fraud and not exceeding $ 25,000, whichever is less), among the eligible claimants.

(c) The OIFP shall make reward payments as promptly as possible, but in no event shall payment be made before all direct appeals of the conviction have been exhausted.

(d) No OIFP employee shall make an offer or promise or otherwise bind the OIFP with respect to payment of any reward under this subchapter or the amount of the reward.

(e) If, after a reward is accepted, the OIFP finds that the recipient was ineligible to receive the reward, the OIFP shall not be liable for the reward and the recipient shall refund all monies received to the OIFP.

(f) Reward amounts shall be reported to the appropriate state and Federal taxing authorities as required by law. Applicants shall provide all information necessary to making such reports.

Notes

N.J. Admin. Code § 13:88-3.11