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New Jersey Statutes, Title: 54, TAXATION
Chapter 16: Definition of marine insurances
Section: 54:16-4: Net earned premiums; how computed
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.
This section added to the Rutgers Database: 2012-09-26 13:37:56.
Older versions of 54:16-4 (if available):
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