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17:37A-19. Privilege of doing business; surcharge upon premiums
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
...
17
:
37A-19
.
Privilege
of
doing
business
;
surcharge
upon
premiums
17
:
37A-19
.
Privilege
of
doing
business
;
surcharge
upon
premiums
For the
privilege
of
doing
property insurance
business
in this State, and in addition to all other requirements of law, every insurer authorized to write such insurance in this State shall be obligated...
... to collect from the insured under any policy of basic property insurance, a
surcharge
upon
the premium paid for said policy in an amount which shall be annually determined by the commissioner as hereinafter provided. This
surcharge
shall be collected by each insurer and paid over to the fund semiannually as provided for by the commissioner. L.1968, c. 129, s. 19, eff...
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