PREMIUM AND CEDING COMMISSION Sample Clauses

PREMIUM AND CEDING COMMISSION. A. As consideration for entering into this Agreement, the Company shall transfer to the Reinsurer, not later than October 30, 2007, the portion of premium attributable to Covered Business ceded to the Company by each Affiliate equal to the Subject Premium that is unearned as of the Effective Time (the "Initial Premium"). The Reinsurer shall be entitled to verify the accuracy of the amount of Initial Premium so transferred and shall be entitled to dispute such amount if it has reason to believe in good faith that the Company improperly or inaccurately calculated such amount.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
PREMIUM AND CEDING COMMISSION. A. Minimum Premium: As respects each contract year the COMPANY shall pay the REINSURERS an annual Minimum Premium equal to 90% of GROSS EXCESS LIMITS PREMIUM for policies with limits attaching hereunder in respect of COVERAGE C. Minimum Premium above shall be payable by the COMPANY to REINSURERS quarterly within 45 days in arrears from the end of each quarter paying all amounts due in respect of premiums collected by the COMPANY for the respective quarter.
Sample 1
PREMIUM AND CEDING COMMISSION. 4 5 As premium for the reinsurance provided hereunder, the Retrocedent will retrocede to the Retrocessionaire its proportional share of the net earned premium ceded to the Retrocedent in respect of the Original Agreement, less the ceding commission set forth below. The Retrocessionaire will allow the Retrocedent a ceding commission in accordance with Article IX of the Original Agreement plus brokerage paid to the Intermediary of 1.5% of the gross ceded earned premium under the Original Agreement.
Sample 1
PREMIUM AND CEDING COMMISSION. The premiums payable to the Subscribing Reinsurer shall be calculated at the same gross rates and on the same basis as the premiums received by the Company or its affiliates on the original Policies.
Sample 1
PREMIUM AND CEDING COMMISSION. The premiums payable to the Reinsurer shall be calculated at the same gross rates and on the same basis as the premiums received by the company on its original policies. The Reinsurer shall allow the Company a ceding commission of 35.0% on written premium that will cover the following Company expenses:
Sample 1
PREMIUM AND CEDING COMMISSION. The premium payable to the Reinsurer shall be sixty percent (60%) of the Company's net unearned premiums on policies in force at the inception of this Agreement on the business covered hereunder. The Reinsurer shall allow the Company a provisional commission of 32.5% on the net premium ceded, (being gross written premium less cancellations and return premium). The commission allowance shall cover premium taxes of all kinds, local board assessments, and all other expenses and charges whatsoever (except losses and loss adjustment expenses) based upon premium ceded under this Agreement. The term "net unearned premium" shall be the unearned premium after all inuring reinsurance.
Sample 1

Related to PREMIUM AND CEDING COMMISSION

  • Ceding Commission The Reinsurer shall allow the Company a ceding commission of (or a proportionate share of such amount in the event of a Quota Share Reduction) per annum, to be taken as a deduction from the first monthly premium payment to the Reinsurer at the commencement of this Contract and at each annual anniversary thereof, to cover the Company's operational costs directly allocable to writing the business subject hereto.

  • SPAM POLICY You are strictly prohibited from using the Website or any of the Company's Services for illegal spam activities, including gathering email addresses and personal information from others or sending any mass commercial emails.

  • Policy Because the volume of human genomic and phenotypic data maintained in these repositories is substantial and, in some instances, potentially sensitive (e.g., data related to the presence or risk of developing particular diseases or conditions and information regarding family relationships or ancestry), data must be shared in a manner consistent with the research participants’ informed consent, and the confidentiality of the data and the privacy of participants must be protected. Access to human genomic data will be provided to research investigators who, along with their institutions, have certified their agreement with the expectations and terms of access detailed below. NIH expects that, through Data Access Request (DAR) process, approved users of controlled-access datasets recognize any restrictions on data use established by the Submitting Institutions through the Institutional Certification, and as stated on the dbGaP study page. Definitions of the underlined terminology in this document are found in section 13. The parties to this Agreement include: the Principal Investigator (PI) requesting access to the genomic study dataset (an “Approved User”), the PI’s home institution (the “Requester”) as represented by the Institutional Signing Official designated through the eRA Commons system, and the NIH. The effective date of this Agreement shall be the DAR Approval Date, as specified in the notification of approval of the Data Access Committee (DAC).

  • Insurance Program An eligible employee may waive rights to participate in either single or family coverage. If an employee waives this benefit, such employee may not revoke the waiver until the next open enrollment period and may be accepted only after medical review by the insurance provider.

  • R&W Policy Concurrently with the execution and delivery of this Agreement, Buyers have delivered to Sellers’ Representative a duly executed binder agreement (the “Binder Agreement”) by and between Buyers and AIG Specialty Insurance Company, an Illinois corporation, with respect to the delivery of an insurance policy with respect to the representations and warranties of Sellers under this Agreement (the “R&W Policy”) at the Closing, which Binder Agreement shall not be amended in a manner that adversely affects Sellers without the prior written consent of Sellers’ Representative (such consent not to be unreasonably withheld, conditioned or delayed); provided, that the parties hereto agree that any version of the R&W Policy and Binder Agreement delivered to Sellers’ Representative shall not include Annex A or Annex B referenced therein. Buyers and its Affiliates shall not amend, waive, or otherwise modify the subrogation provision under the R&W Policy in any manner that would allow the insurer thereunder to subrogate or otherwise make or bring any action against the Sellers (other than any claim for Fraud of any Seller). The policy provider of the R&W Policy has agreed that the R&W Policy will expressly provide that the policy provider shall not have the right to, and will not, pursue any subrogation rights or contribution rights or any other claims against any Seller or any of the Sellers’ Parties in connection with any claim made by any Buyers’ Indemnified Party thereunder, other than for Fraud, and that such provision of the insurance policy may not be amended without the prior written consent of Sellers’ Representative. Sellers shall pay, cause to be paid or reimburse Buyers for all costs and expenses related to the R&W Policy, including the total premium, underwriting costs, brokerage commissions, and other fees and expenses of such policy, provided that such amounts shall be without duplication to those otherwise included in Transaction Expenses.

  • Leasing Commissions On or before the Closing Date, Seller shall pay in full all leasing commissions due to leasing or other agents for the current remaining term of the Lease (determined without regard to any unexercised termination or cancellation right).

  • Safety Policy Each employer is required by law to have a safety policy and program. TIR will ask for and may require a copy of that policy and program.

  • Minimum Scope of Insurance Coverage shall be at least as broad as:

  • Insurance Programs 1. The District agrees to provide a program of life, medical and dental insurance benefits for teachers. The District shall offer each employee a choice between the following two (2) programs of medical and health care:

  • Policy Grievance Where either Party disputes the general application, interpretation or alleged violation of an article of this Agreement, the dispute shall be discussed initially with the Employer or the Union, as the case may be, within thirty (30) days of the occurrence. Where no satisfactory agreement is reached, either Party may submit the dispute to arbitration, as set out in Article 10.

Time is Money Join Law Insider Premium to draft better contracts faster.