17:37A-19 - Privilege of doing business; surcharge upon premiums - New Jersey Statutes

17:37A-19.  Privilege of doing business;  surcharge upon premiums
    For the privilege of doing property insurance business in this State, and in  addition to all other requirements of law, every insurer authorized to write  such insurance in this State shall be obligated to collect from the insured  under any policy of basic property insurance, a surcharge upon the premium paid  for said policy in an amount which shall be annually determined by the  commissioner as hereinafter provided.  This surcharge shall be collected by  each insurer and paid over to the fund semiannually as provided for by the  commissioner.

     L.1968, c. 129, s. 19, eff. July 1, 1968.