Common use of Premium Clause in Contracts

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 payable in equal quarterly installments of $281,250 on January 1st, April 1st, July 1st and October 1st, 1999. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 2000.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 416,000 payable in equal quarterly installments of $281,250 104,000 on January 1st, April 1st, July 1st and October 1st, 1999. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 2000.

Premium. A. The Company shall pay to the Reinsurer a minimum and deposit premium of $1,125,000 500,000 payable in equal quarterly installments of $281,250 125,000 on January 1st, April 1st, July 1st and October 1st, 19991997. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001998.

Premium. A. The Company shall pay to the Reinsurer a minimum and deposit premium of $1,125,000 400,000 payable in equal quarterly installments of $281,250 100,000 on January 1st, April 1st, July 1st and October 1st, 19991997. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001998.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 1,000,000 payable in equal quarterly installments of $281,250 250,000 on January 1st1, April 1st1, July 1st 1 and October 1st1, 19992001. In the event of cancellation, at the Company elects option of the Company, the Reinsurer agrees to run run-off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay subject to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st1, April 1st1, July 1st 1 and October 1st1, 20002002.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 1,170,000 payable in equal quarterly installments of $281,250 310,000 on January 1st, April 1st, July 1st and October 1st, 19991995. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) 12 months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. on such policies. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001996.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 3,100,000 payable in equal quarterly installments of $281,250 775,000 on January 1st, April 1st, July 1st and October 1st, 19991998. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001999.

Premium. A. The Company shall pay to the Reinsurer a minimum and deposit premium of $1,125,000 440,000 payable in equal quarterly installments of $281,250 112,500 on January 1st, April 1st, July 1st and October 1st, 19991995. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) 12 months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. on such policies. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001996.

Premium. A. The Company shall pay to the Reinsurer a minimum and deposit premium of $1,125,000 355,000 payable in equal quarterly installments of $281,250 88,750 on January 1st, April 1st, July 1st and October 1st, 19991998. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001999.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 3,450,000 payable in equal quarterly installments of $281,250 862,500 on January 1st, April 1st, July 1st and October 1st, 19991997. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001998.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 3,780,000 payable in equal quarterly installments of $281,250 937,500 on January 1st, April 1st, July 1st and October 1st, 19991995. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) 12 months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. on such policies. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001996.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 1,420,000 payable in equal quarterly installments of $281,250 355,000 on January 1st1, April 1st1, July 1st 1 and October 1st1, 19992001. In the event of cancellation, at the Company elects option of the Company, the Reinsurer agrees to run run-off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay subject to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st1, April 1st1, July 1st 1 and October 1st1, 20002002.

Premium. A. The Company shall pay to the Reinsurer a minimum and deposit premium of $1,125,000 500,000 payable in equal quarterly installments of $281,250 138,750 on January 1st, April 1st, July 1st and October 1st, 19991995. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) 12 months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. on such policies. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001996.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 960,000 payable in equal quarterly installments of $281,250 240,000 on January 1st, April 1st, July 1st and October 1st, 19991998. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001999.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 3,600,000 payable in equal quarterly installments of $281,250 900,000 on January 1st, April 1st, July 1st and October 1st, 1999. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 2000.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 1,080,000 payable in equal quarterly installments of $281,250 270,000 on January 1st, April 1st, July 1st and October 1st, 19991997. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001998.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 2,040,000 payable in equal quarterly installments of $281,250 510,000 on January 1st1, April 1st1, July 1st 1 and October 1st1, 19992001. In the event of cancellation, at the Company elects option of the Company, the Reinsurer agrees to run run-off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay subject to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st1, April 1st1, July 1st 1 and October 1st1, 20002002.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 6,484,000 payable in equal quarterly installments of $281,250 1,621,000 on January 1st1, April 1st1, July 1st 1 and October 1st1, 19992001. In the event of cancellation, at the Company elects option of the Company, the Reinsurer agrees to run run-off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay subject to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st1, April 1st1, July 1st 1 and October 1st1, 20002002.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 295,000 payable in equal quarterly installments of $281,250 73,750 on January 1st1, April 1st1, July 1st 1 and October 1st1, 19992001. In the event of cancellation, at the Company elects option of the Company, the Reinsurer agrees to run run-off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay subject to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st1, April 1st1, July 1st 1 and October 1st1, 20002002.

Premium. A. The Company shall pay to the Reinsurer a minimum and deposit premium of $1,125,000 475,000 payable in equal quarterly installments of $281,250 118,750 on January 1st, April 1st, July 1st and October 1st, 19991998. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 20001999.

Premium. A. The Company shall pay to the Reinsurer a deposit premium of $1,125,000 556,000 payable in equal quarterly installments of $281,250 139,000 on January 1st, April 1st, July 1st and October 1st, 19991998. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 2000.