Mutual Assurance Co. v. Gluck

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 by the state of New Jersey.” The Commissioner of the Department of Insurance cross-appeals from that portion of the judgment “limiting taxable and assessable premiums to…