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17:51B-2 Credit for reinsurance ceded by certain insurers.
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.228, and J.R.15) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
...
17
:
51B-2
Credit
for
reinsurance
ceded
by
certain
insurers
.
17
:
51B-2
Credit
for
reinsurance
ceded
by
certain
insurers
. 2.
Credit
for
reinsurance
ceded
by an insurer which is domiciled in New Jersey, or which is either licensed in New Jersey or eligible to write surplus lines insurance in...
... New Jersey and which in either case is domiciled in a state or country which does not employ standards regarding
credit
for
reinsurance
substantially similar, as determined by the commissioner, to those applicable under this act, shall be allowed as either an asset or a deduction from liability...
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