N.J.S.A. 17:17-18

Maintenance of reserves

17:17-18. Maintenance of reserves 8. Every insurance company transacting the business of insurance in this State shall, at all times, maintain reserves in an amount estimated in the aggregate to provide for the payment of all losses and claims incurred, whether reported or unreported, which are unpaid and for which such company may be liable, and to provide for the expenses of adjustments or settlement of such losses or claims. L.1993,c.234,s.8.

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This is the verbatim text of N.J.S.A. 17:17-18, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 17:17-18 — Maintenance of reserves | Kyzer