17:47-8 - Exposure to loss limited - New Jersey Statutes

17:47-8.  Exposure to loss limited
    No association of underwriters authorized hereunder to do business in this state shall expose themselves to loss on any one risk in excess of ten per cent  of their net cash and invested assets and of the underwriting liability of the  individual underwriters.  So much, however, of any risk as shall be reinsured  in an association of underwriters or insurance corporation lawfully transacting  business in this state, shall not be considered part of the risk.