Commercial Fund. a. Proportional: The Company will cede to FCIC from zero to fifty percent (50%) of total net book premium and associated liability for ultimate net losses on eligible livestock price insurance contracts, as designated in its Plan of Operations for any reinsurance year. Such percentage designation must be made in five percent (5%) increments.
Appears in 3 contracts
Sources: Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement