New Jersey Statutes
§ 54:16-5 — Losses incurred; definition
New Jersey·Title 54 TAXATION
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.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 54:16-5 (Losses incurred; definition) — 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