MUTUAL ASSUR. CO. v. GLUCK


10 N.J. Tax 234 (1988)

MUTUAL ASSURANCE COMPANY, PLAINTIFF-APPELLANT/CROSS-RESPONDENT, v. HAZEL FRANK GLUCK, COMMISSIONER, DEPARTMENT OF INSURANCE, DEFENDANT-RESPONDENT/CROSS-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided May 19, 1988.


Attorney(s) appearing for the Case

Elmer M. Matthews argued the cause for appellant/cross-respondent.

Mary R. Hamill, Deputy Attorney General, argued the cause for respondent/cross-appellant (W. Cary Edwards, Attorney General, attorney; Michael R. Clancy, Deputy Attorney General, of counsel; Mary R. Hamill on the brief).

Before Judges J.H. COLEMAN, O'BRIEN and STERN.


PER CURIAM.

Plaintiff appeals from a judgment of the Tax Court holding it liable for premium taxes under the New Jersey Insurance Premiums Tax Act, N.J.S.A. 54:18A-1 et seq., and assessments under the New Jersey Insurance Underwriting Association Act (IUAA), N.J.S.A. 17:37A-1 et seq. Plaintiff's appeal "is limited to the determination that the annual cost of the use of the deposit money is the perpetual insurance premium subject to tax...

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