New Jersey Statutes 17B:27A-66. Filing of net written premiums
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Terms Used In New Jersey Statutes 17B:27A-66
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
2. a. An entity subject to this act shall annually file with the commissioner its net written premiums for the preceding year, no later than April 1 of each year.
b. The commissioner shall calculate and issue to the entity a certified assessment, which shall be 2.5% of the entity’s net written premiums.
c. An entity shall annually pay the assessment issued pursuant to subsection b. of this section to the State Treasurer no later than May 1 of each year, as prescribed by the commissioner.
d. If the commissioner determines that the amount of the assessment calculated pursuant to this section shall reduce the State’s total revenue, the commissioner may reduce the assessment.
L.2020, c.61, s.2.