REINSURANCE PREMIUM Sample Clauses

REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:
REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.53% of its Net Earned Premium for the term of this Contract, subject to a minimum premium of $1,373,760.
REINSURANCE PREMIUM. Each Accounting Period, the Cedent shall pay to the Reinsurer a "Reinsurance Premium" in an amount equal to the Reinsurer's quota share of the gross Policy premiums and deposits collected during the Accounting Period by the Cedent, net of any premiums paid under any Existing Reinsurance as defined in Schedule B. The Reinsurance Premiums paid to the Reinsurer by the Cedent shall be remitted to the Reinsurer at the end of the Accounting Period during which the gross premiums were collected by the Cedent.
REINSURANCE PREMIUM. (A) The Reinsurers’ premium for the reinsurance provided under this Contract shall be computed by the application of a rate of .033% to the Company’s gross net written premium income on the business covered under Exhibits “A” and “B” subject to a deposit premium of $1,843,000 and a minimum premium of $1,474,000 for the combined Seventh Excess of Loss Layer provided under Exhibits “A” and “B”.
REINSURANCE PREMIUM. A. With respect to business in force at the effective time and date of this Exhibit, the Company shall pay to the Reinsurer a reinsurance premium equal to the product of the applicable gross rate set forth in the Schedule of Rates below times the Company's unearned premium for each class of Casualty business reinsured hereunder, calculated on the monthly pro rata basis as of the effective time and date of this Exhibit.
REINSURANCE PREMIUM. Within 45 days after the close of each calendar quarter, the Company shall render to the Reinsurer a report of the provisional reinsurance premium set forth in sub-paragraph (a) of the section entitled REINSURANCE PREMIUM AND COMMISSION for the quarter and the reinsurance premium set forth in sub-paragraph (b) of said Section for the quarter with respect to business of the Company written during the quarter, summarizing the reinsurance premium by line of insurance; and the amount due the Reinsurer shall be remitted within 45 days after the close of the quarter. Within 45 days after the close of each calendar quarter, the Company shall also render to the Reinsurer a report of the reinsurance premium unearned by line of insurance and the contribution for the quarter to the reinsurance premium in force by line of insurance, by term and by month and year of expiration. Within 45 days after the close of each calendar year, the Company shall render to the Reinsurer a report of the Company's Subject Written Premium during the year. The Company shall calculate the actual reinsurance premium thereon in accordance with the provisions of sub-paragraph (a) of the section entitled REINSURANCE PREMIUM AND COMMISSION and shall balance such amount against the provisional reinsurance premium previously paid. Any difference due the Reinsurer shall be remitted with such report. Any difference due the Company shall be remitted promptly, but within no more than 25 days after receipt of such report.
REINSURANCE PREMIUM. The rates set forth in Section 4 of the attached Exhibits A., B., C. and D., shall be applied to the Subject Earned Premium for the Business Covered hereunder, as stated in Paragraph D. of Article I – Business Covered.
REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder during each contract year (except the runoff contract year, if any), the Company shall pay the Reinsurer 0.53% of its net earned premium for the contract year, subject to an annual minimum premium of $1,406,408 (or a pro rata portion thereof if this Contract is terminated in accordance with paragraph C of the Commencement and Termination Article).
REINSURANCE PREMIUM. As respects net premium income derived from Layer One of this agreement, the REINSURED shall pay to the CORPORATION a reinsurance premium equal to 1.258% of the net premium income derived by the REINSURED from the line of business to which this agreement applies. As respects net premium income derived from Layer Three of this agreement, the REINSURED shall pay to the CORPORATION a reinsurance premium equal to .532% of the net premium income derived by the REINSURED from the line of business to which this agreement applies. In all other respects not inconsistent herewith, said agreement shall remain unchanged.