16.01 NOTICE AND HEARINGS/ORDERS: In the event the Commissioner shall give written notice of any proposed suspension or revocation of authority, cease and desist order, or other enforcement action to the Fund commissioners, executive committee, or member local unit as the case may be or to any person to whom the proposed action applies specifically, the interested party involved shall have twenty (20) days from the mailing of the notice to request a hearing on the proposed enforcement action. Failure to mail a request for hearing within the time prescribed shall result in the suspension, revocation, monetary penalty or cease and desist order becoming effective thirty (30) days from the issuance of the original notice.

After notice and opportunity for a hearing, the Commissioner may:

1. 1. Issue an order revoking or suspending the Fund’s authority.
2. Require the person or Fund to cease and desist forom any act or practice to be in violation of any provision of N.J.S.A. 40A:10-36 et seg.
3. To dismiss or terminate the contract, any administrator or servicing organization because of any fraud, material misrepresentation, incompetence, untrustworthiness, misappropriations or conversion of monies or violation of any fiduciary responsibility by such administrator or servicing organization, or any of its officers, directors or employees.