New Jersey Statutes
§ 54:16-3 — Underwriting profit; how computed
New Jersey·Title 54 TAXATION
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.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 54:16-3 (Underwriting profit; how computed) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
10
§ 54:16-1
Definition of marine insurances§ 54:16-10
Due date of tax§ 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§ 54:16-8
Computation of tax