New Jersey § 54:16-4 Net earned premiums;  how computed

New Jersey Statutes

§ 54:16-4 — Net earned premiums; how computed

New Jersey § 54:16-4

Title 54TAXATION

This text of New Jersey § 54:16-4 (Net earned premiums; how computed) 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. § 54:16-4 (2026).

Text

Net earned premiums on marine insurances written within the United States during the calendar year shall be computed as follows: a. Gross premiums on marine insurances written within the United States during the calendar year, less any and all return premiums, any and all premiums on policies not taken and any and all premiums paid for reinsurance; b. Add unearned premiums on such outstanding marine business at the end of the preceding calendar year; and, c. Deduct unearned premiums on such outstanding marine business at the end of the current calendar year.

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Net earned premiums on marine insurances written within the United States during the calendar year shall be computed as follows: a. Gross premiums on marine insurances written within the United States during the calendar year, less any and all return premiums, any and all premiums on policies not taken and any and all premiums paid for reinsurance; b. Add unearned premiums on such outstanding marine business at the end of the preceding calendar year; and, c. Deduct unearned premiums on such outstanding marine business at the end of the current calendar year.