Examples of Net earned premium in a sentence
As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.862% of its Net Earned Premium for the term of this Contract, subject to a minimum annual premium of $2,500,000 for each of the three Contract Years.
As premium for the reinsurance provided hereunder for each excess layer, the Company shall pay the Reinsurer the “Premium Rate” for the excess layer, as stated in Exhibit A attached hereto, times its Net Earned Premium for the term of this Contract subject to the “Minimum Premium” as stated in Exhibit A attached hereto.
As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.635% of its Net Earned Premium during the term of this Contract, subject to a minimum premium of $2,994,000.
As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.4642% times its Net Earned Premium for the term of this Contract subject to a Minimum Premium of $1,056,000.
Sheboygan Falls shall pay to Donegal Mutual and Donegal Mutual will retrocede to Sheboygan Falls during the term of this Agreement, the Net Earned Premium Income of Sheboygan Falls during such term in respect of business which is the subject matter of this Agreement.