N.J.S.A. § 54:16-3.
Underwriting profit; how computed
The term "underwriting profit" as used herein shall be computed by deducting from the net earned premiums on the marine insurances written within the United States during the calendar year,
a. The losses incurred, and
b. Expenses incurred including all taxes, state and federal, in connection with such net earned premiums.
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In this chapter (10 sections)
- 54:16-1. · Definition of marine insurances
- 54:16-2. · Imposition of tax
- 54:16-3. · Underwriting profit; how computed
- 54:16-4. · Net earned premiums; how computed
- 54:16-5. · Losses incurred; definition
- 54:16-6. · Expenses incurred; how computed
- 54:16-7. · Reports by marine insurance companies
- 54:16-8. · Computation of tax
- 54:16-9. · Report of commissioner of banking and insurance to tax…
- 54:16-10. · Due date of tax