{"data":{"id":"us-nj/n.j.-stat.-54-16-5","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:16-5","heading":"Losses incurred;  definition","body":"As used in this chapter  \"losses incurred\"  means gross losses incurred during the calendar year under such marine insurances written within the United  States, less reinsurance claims collected or collectible and salvages or  recoveries collectible from any source applicable to such losses.","path":["TITLE 54 TAXATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"e036b6293148d01ecf039e8a3060cb7a2da67559f56a253d603d72e152555881","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-16-4","next":"us-nj/n.j.-stat.-54-16-6"},"notice":"GroundRules: Original legal text. Not legal advice."}