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2018 New Jersey Revised Statutes
Title 17B - INSURANCE
Chapter 18 - Scope of chapter
Section 17b:18-62 - "Reinsurance" defined
Universal Citation: NJ Rev Stat § 17b:18-62 (2018)
Section: 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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