2013 New Jersey Revised Statutes
Title 54 - TAXATION
Section 54:16-5 - Losses incurred; definition


NJ Rev Stat § 54:16-5 (2013) What's This?

54:16-5. Losses incurred; definition
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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