New Jersey § 39:6-59

§ 39:6-59.

The commissioner shall, on or before the fifteenth day of October in each year, apportion

the amount so certified to him among the mutual associations and stock companies writing

motor vehicle liability insurance within this State or motor vehicle liability bonds,

or both, in the proportion that the net premiums received by each of them for such

insurance and bonds written or renewed on risks within this State during the calendar

year immediately preceding, as reported to him, bears to the sum total of all such

net premiums received by all mutual associations and stock companies writing such

insurance or bonds, or both, within the State during such year, as so reported, and

shall certify the sum so apportioned to each such mutual association and stock company

on or before November fifteenth next ensuing, to the Division of Taxation in the Department

of the Treasury and each such mutual association and stock company shall pay the amount

so certified as apportioned to it to the said Division of Taxation on or before the

thirty-first day of December next ensuing, and the sum so paid shall be paid into

the State Treasury in reimbursement to the State for the expenses so paid.