N.J.S.A. § 54:16-5.
Losses incurred; definition
As used in this chapter "losses incurred" means gross losses incurred during the calendar year under such marine insurances written within the United States, less reinsurance claims collected or collectible and salvages or recoveries collectible from any source applicable to such losses.
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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