Future Premiums. Zenith is entitled to receive all premiums and other consideration paid on or after the Effective Date with respect to the Insurance Contracts. In the event that the Company receives any premiums or other consideration with respect to an Insurance Contract on or after the Effective Date, it shall promptly remit such premiums or other consideration to Zenith, along with pertinent information in its possession relating to such premiums, including information as to the Insurance Contract and period to which such premium relates. Zenith shall assume all responsibility for billing and collection of premiums. The Company shall reasonably cooperate with Zenith in causing insureds under the Insurance Contracts to pay premiums to Zenith after the Effective Date.
Appears in 3 contracts
Sources: Assumption and Indemnity Reinsurance Agreement (Zenith National Insurance Corp), Assumption and Indemnity Reinsurance Agreement (Zenith National Insurance Corp), Assumption and Indemnity Reinsurance Agreement (Zenith National Insurance Corp)