New Jersey Statutes
§ 54:16-5 — Losses incurred; definition
New Jersey § 54:16-5
JurisdictionNew Jersey
Title 54TAXATION
This text of New Jersey § 54:16-5 (Losses incurred; definition) 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. § 54:16-5 (2026).
Text
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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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 taxCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 54:16-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/54/54%3A16-5.