New Jersey Statutes
§ 17:47B-10 — Provision of reinsurance on risks ceded by other insurers.
New Jersey § 17:47B-10
JurisdictionNew Jersey
Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This text of New Jersey § 17:47B-10 (Provision of reinsurance on risks ceded by other insurers.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 17:47B-10 (2026).
Text
10.
a.A captive insurance company may provide reinsurance on risks ceded by any other insurer.
b.A captive insurance company may take credit for the reinsurance of risks or portions of risks ceded to reinsurers complying with the provisions of P.L.1993, c.243 (C.17:51B-1 et seq.). A captive insurance company shall not take credit for the reinsurance of risks or portions of risks ceded to reinsurers not complying with P.L.1993, c.243 (C.17:51B-1 et seq.).
c.For purposes of this act, insurance by a captive insurance company of any workers' compensation qualified self-insured plan of its parent and affiliates shall be deemed to be reinsurance. L.2011, c.25, s.10.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 17:47B-12
Taxes paid by captive insurance company.§ 17:47B-14
Applicability of C.17:30C-1 et seq.§ 17:47B-15
Rules.§ 17:47B-16
Conversion, merger into reciprocal insurer.§ 17:47B-17
Sponsored captive insurance company.§ 17:47B-3
Conditions for issuance of license.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 17:47B-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A47B-10.