39:6-59 - Apportionment of amount certified among liability insurers
39:6-59.Ā Apportionment of amount certified among liability insurers
The commissioner shall, on or before the fifteenth day of October in each year, apportion the amount so certified to him among the mutual associations and stock companies writing motor vehicle liability insurance within this StateĀ or motor vehicle liability bonds, or both, in the proportion that the netĀ premiums received by each of them for such insurance and bonds written or renewed on risks within this State during the calendar year immediately preceding, as reported to him, bears to the sum total of all such net premiums received by all mutual associations and stock companies writing such insurance or bonds, or both, within the State during such year, as so reported, and shallĀ certify the sum so apportioned to each such mutual association and stockĀ company on or before November fifteenth next ensuing, to the Division ofĀ Taxation in the Department of the Treasury and each such mutual association andĀ stock company shall pay the amount so certified as apportioned to it to theĀ said Division of Taxation on or before the thirty-first day of December nextĀ ensuing, and the sum so paid shall be paid into the State Treasury inĀ reimbursement to the State for the expenses so paid.
L.1952, c. 176, p. 598, s. 2.
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The commissioner shall, on or before the fifteenth day of October in each year, apportion the amount so certified to him among the mutual associations and stock companies writing motor vehicle liability insurance within this StateĀ or motor vehicle liability bonds, or both, in the proportion that the netĀ premiums received by each of them for such insurance and bonds written or renewed on risks within this State during the calendar year immediately preceding, as reported to him, bears to the sum total of all such net premiums received by all mutual associations and stock companies writing such insurance or bonds, or both, within the State during such year, as so reported, and shallĀ certify the sum so apportioned to each such mutual association and stockĀ company on or before November fifteenth next ensuing, to the Division ofĀ Taxation in the Department of the Treasury and each such mutual association andĀ stock company shall pay the amount so certified as apportioned to it to theĀ said Division of Taxation on or before the thirty-first day of December nextĀ ensuing, and the sum so paid shall be paid into the State Treasury inĀ reimbursement to the State for the expenses so paid.
L.1952, c. 176, p. 598, s. 2.
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