Ceding Allowance. The Reinsurer shall allow the sum of (i) a ceding allowance to the Company of no more than 7% of Gross Collected Premium, (ii) taxes and assessments of 4% of Gross Collected Premium (or actual if higher) and (iii) actual Producer commissions paid by the Company.
Appears in 2 contracts
Sources: Quota Share Reinsurance Agreement (American Independence Corp), Quota Share Reinsurance Agreement (American Independence Corp)