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17:46B-15. Amount of statutory premium reserve; release thereof
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
:
46B-15
.
Amount
of
statutory
premium
reserve
;
release
thereof
17
:
46B-15
.
Amount
of
statutory
premium
reserve
;
release
thereof
a. The
statutory
premium
reserve
of every domestic title insurance company shall consist of: (1) The
amount
of the
reserve
held as of the effective date of this act, pursuant to or under permission granted by P.L.1938, c. 289, s. 6, as amended by P.L.1949...
... c. 180, s. 1 (C.
17
:18-13); and (2) The
amount
of all additions required to be made to such
reserve
by this section, less the withdrawals therefrom as required by this section. b. After the effective date of this act, every domestic title insurance company...
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