CESSION STATEMENTS Sample Clauses

A Cession Statements clause outlines the requirement for one party to provide formal documentation confirming the transfer (cession) of rights or interests, typically in the context of insurance or financial agreements. This clause specifies the format, timing, and content of the statements that must be delivered, such as details of the rights being ceded and the effective date of transfer. Its core practical function is to ensure transparency and legal certainty regarding the transfer, thereby preventing disputes over ownership or entitlement.
CESSION STATEMENTS. Account Current Statements will be rendered 30 days after the close of the month or as soon as reasonably practicable thereafter, as shown in the attached form or in such other simplified form as prepared by the Company. 1. Gross Premiums Written ____________ EQUALS 2. Excess Reinsurance ____________ 3. Subject Premium ____________ LESS 4. Taxes, Board, Bureaus and Residual Market Charges; and ____________ 5. Claims Service Fees; and ____________ 6. Profit and Administration; and ____________ 7. Direct Commission; and ____________ 8. Sub-total (4,5,6,7) ____________ EQUALS 9. Gross Ceded Premium ____________ (line 3 less line 8) 10. Federal Excise Tax ____________ (line 3 x 1%) 11. Net Ceded Premium ____________ (line 9 less line 10) LESS 12. Escrow Fund Reimbursement; and ____________ 13. Paid Losses ____________ EQUALS 14. Balance Due To (From) Reinsurer ____________
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Related to CESSION STATEMENTS

  • Mission Statement a. Employees are the most valuable resource in the City’s effective and efficient delivery of services to the public. The parties have a commitment to prevent drug or alcohol impairment in the workplace and to ▇▇▇▇▇▇ and maintain a drug and alcohol free work environment. The parties also have a mutual interest in preventing accidents and injuries on the job and, by doing so, protecting the health and safety of employees, co-workers, and the public. b. In agreeing to implement this Substance Abuse Prevention Policy (▇▇▇▇), the parties affirm their belief that substance abuse is a treatable condition. The City is committed to identifying needed resources, both in and outside of the City, for employees who voluntarily seek assistance in getting well. Those employees who voluntarily seek treatment prior to any testing shall not be subject to any repercussions or any potential adverse action for doing so. However, seeking treatment will not excuse prior conduct for which an investigation or disciplinary proceedings have been initiated. c. The City is committed to preventing drug or alcohol impairment in the workplace, and to fostering and maintaining a safe work environment free from alcohol and prohibited drugs at all of its work sites and facilities. In addition, the City maintains a drug and alcohol free workplace policy in its Employee Handbook.

  • CONFIRMATION STATEMENTS Confirmation of State Street’s execution of payment orders shall ordinarily be provided within 24 hours. Notice may be delivered through State Street’s proprietary information systems, such as, but not limited to Horizon and GlobalQuest®, account statements, advices, or by facsimile or callback. The Client must report any objections to the execution of a payment order within 30 days.

  • Termination Statements Attached hereto as Schedule 8(a) are the duly authorized termination statements in the appropriate form for filing in each applicable jurisdiction identified in Schedule 8(b) hereto with respect to each Lien described therein.

  • LITIGATION STATEMENT CHECK ONE

  • Registration Statement and Prospectuses The Company meets the requirements for use of Form S-3 under the 1933 Act. Each of the Registration Statement and any amendment thereto has become effective under the 1933 Act. No stop order suspending the effectiveness of the Registration Statement or any post-effective amendment thereto has been issued by the Commission under the 1933 Act, no order preventing or suspending the use of any preliminary prospectus or the Prospectus has been issued by the Commission and no proceedings for any of those purposes have been instituted by the Commission or are pending or, to the Company’s knowledge, contemplated by the Commission. The Company has complied with each request (if any) from the Commission for additional information. Each of the Registration Statement and any post-effective amendment thereto, at the time of its effectiveness and at each deemed effective date with respect to the Underwriters pursuant to Rule 430B(f)(2) under the 1933 Act Regulations, complied in all material respects with the requirements of the 1933 Act and the 1933 Act Regulations. Each preliminary prospectus, the Prospectus and any amendment or supplement thereto, at the time each was filed with the Commission, complied in all material respects with the requirements of the 1933 Act and the 1933 Act Regulations. Each preliminary prospectus delivered to the Underwriters for use in connection with the offering and the Prospectus was or will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to ▇▇▇▇▇, except to the extent permitted by Regulation S-T. The documents incorporated or deemed to be incorporated by reference in the Registration Statement and the Prospectus, when they became effective or at the time they were or hereafter are filed with the Commission, complied and will comply in all material respects with the requirements of the 1934 Act and the rules and regulations of the Commission under the 1934 Act (the “1934 Act Regulations”). The Registration Statement, any preliminary prospectus and the Prospectus, and the filing of the Registration Statement, any preliminary prospectus and the Prospectus with the Commission have been duly authorized by and on behalf of the Company, and the Registration Statement has been duly executed pursuant to such authorization.