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New Jersey Statutes, Title: 54, TAXATION
Chapter 16: Definition of marine insurances
Section: 54:16-3: Underwriting profit; how computed
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.
This section added to the Rutgers Database: 2012-09-26 13:37:56.
Older versions of 54:16-3 (if available):
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