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2021 New Jersey Revised Statutes
Title 17B - Insurance
Section 17B:27A-66 - Filing of net written premiums.
Universal Citation: NJ Rev Stat § 17B:27A-66 (2021)
17B:27A-66 Filing of net written premiums.
2. a. An entity subject to this act shall annually file with the commissioner its net written premiums for the preceding year, no later than April 1 of each year.
b. The commissioner shall calculate and issue to the entity a certified assessment, which shall be 2.5% of the entity's net written premiums.
c. An entity shall annually pay the assessment issued pursuant to subsection b. of this section to the State Treasurer no later than May 1 of each year, as prescribed by the commissioner.
d. If the commissioner determines that the amount of the assessment calculated pursuant to this section shall reduce the State's total revenue, the commissioner may reduce the assessment.
L.2020, c.61, s.2.
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