State Codes and Statutes
Statutes > New-jersey > Title-17b > Section-17b-18 > 17b-18-6217B: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.
