54:16-5 - Losses incurred;Ā definition
54:16-5.Ā Losses incurred;Ā definition
As used in this chapterĀ "losses incurred"Ā means gross losses incurred during the calendar year under such marine insurances written within the UnitedĀ States, less reinsurance claims collected or collectible and salvages orĀ recoveries collectible from any source applicable to such losses.
Ā
As used in this chapterĀ "losses incurred"Ā means gross losses incurred during the calendar year under such marine insurances written within the UnitedĀ States, less reinsurance claims collected or collectible and salvages orĀ recoveries collectible from any source applicable to such losses.
Ā