New Jersey § 17:18-15 Allocation of reserve of fees and premiums

New Jersey Statutes

§ 17:18-15 — Allocation of reserve of fees and premiums

New Jersey § 17:18-15

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

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Bluebook

N.J. Stat. Ann. § 17:18-15 (2026).

Text

In cases where a title insurance company of this State or of another State or foreign country doing business in this State under paragraph "h" of s. 17:17-1 of this Title issues its title insurance policy upon the examination and certification of title of another such company, the reserve required under section six of this act above shall be allocated between the companies upon the basis of the amount of the total fee and premium retained by each, respectively. L.1938, c. 289, p. 625, s. 8.

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In cases where a title insurance company of this State or of another State or foreign country doing business in this State under paragraph "h" of s. 17:17-1 of this Title issues its title insurance policy upon the examination and certification of title of another such company, the reserve required under section six of this act above shall be allocated between the companies upon the basis of the amount of the total fee and premium retained by each, respectively. L.1938, c. 289, p. 625, s. 8.