Common use of REINSURANCE PREMIUM Clause in Contracts

REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 7 contracts

Samples: Excess Catastrophe Reinsurance Contract (FedNat Holding Co), Sixth Layer Excess Catastrophe (FedNat Holding Co), Interests and Liabilities Agreement (Federated National Holding Co)

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REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto ***** (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):): 

Appears in 3 contracts

Samples: FHCF Supplement Layer (Federated National Holding Co), FHCF Supplement Layer (Federated National Holding Co), FHCF Supplement Layer (Federated National Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):): 

Appears in 3 contracts

Samples: Excess Catastrophe Reinsurance Contract (Federated National Holding Co), Federated National Holding Co, Federated National Holding Co

REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $1,400,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Interests and Liabilities Agreement (21st Century Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $5,200,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance (21st Century Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $1,118,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: 21st Century Holding Co

REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $5,616,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance (21st Century Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $60,450,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Federated National Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $55,800,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Federated National Holding Co)

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REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $1,500,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Fourth Excess Catastrophe Reinsurance (Federated National Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $1,650,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Federated National Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $2,160,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Non Competition (Federated National Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of the reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto ***** (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):): 

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance Contract (Federated National Holding Co)

REINSURANCE PREMIUM. A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer a premium equal to the product of the following (or a pro rata portion thereof in the event the term of this Contract is less than 12 months), subject to a minimum premium of the amount, shown as "Minimum Premium" for that excess layer in Schedule A attached hereto $48,360,000 (or a pro rata portion thereof in the event the term of this Contract is less than 12 months):

Appears in 1 contract

Samples: Interests and Liabilities Agreement (Federated National Holding Co)

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