2017 New Jersey Revised Statutes
TITLE 17B - INSURANCE
Section 17B:18-62 - "Reinsurance" defined
17B:18-62. "Reinsurance" defined
"Reinsurance" is a contract under which an originating insurer, called the "ceding insurer" , procures insurance for itself in another insurer, called the "assuming insurer," with respect to part or all of an insurance risk of the originating insurer.
L.1971, c. 144, s. 17B:18-62.