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.

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