RESERVES AND TAXES. The Reinsurers shall maintain the required reserves as to the Reinsurers' portion of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers under this Agreement. If the Reinsurers are obligated to pay any premium taxes on this premium, the Company shall reimburse the Reinsurers; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 3 contracts
Samples: Hci Agreement (Zenith National Insurance Corp), Reinsurance Agreement (Merchants Group Inc), Reinsurance Agreement (Penn America Group Inc)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 2 contracts
Samples: The Agreement (Penn America Group Inc), The Agreement (Penn America Group Inc)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, and adjustment expenseAllocated and Unallocated Loss Adjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 2 contracts
Samples: OneBeacon Insurance Group, Ltd., White Mountains Insurance Group LTD
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer’s portion of unearned premium, if any, claims, losses, and adjustment expenseAdjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 2 contracts
Samples: The Agreement (Philadelphia Consolidated Holding Corp), The Agreement (Philadelphia Consolidated Holding Corp)
RESERVES AND TAXES. The Reinsurers shall maintain the required reserves as to the Reinsurers' portion of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers under this Agreement. If the Reinsurers are obligated to pay any premium taxes on this premium, the Company shall reimburse the Reinsurers; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Professional Liability Agreement (Midwest Medical Insurance Holding Co)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' portion Reinsurer's portion~ of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer’s portion of unearned premium, if any, claims, losses, and adjustment expenseAdjustment Expense. GENERAL REINSURANCE CORPORATION The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required such reserves as may be required with respect to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, losses and adjustment expense. The Company shall be liable for all premium taxes on premium premiums ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premiumsuch premiums, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.premiums. GENERAL REINSURANCE CORPORATION
Appears in 1 contract
Samples: Paula Financial
RESERVES AND TAXES. The Reinsurers shall maintain the required such reserves as may be required with respect to the Reinsurers' portion of unearned premium, if any, claims, losses, losses and adjustment expense. The Company shall be liable for all premium taxes on premium premiums ceded to the Reinsurers under this Agreement. If the Reinsurers are obligated to pay any premium taxes on this premiumsuch premiums, the Company shall reimburse the Reinsurers; however, the Company shall not be required to pay taxes twice on the same premiumpremiums.
Appears in 1 contract
Samples: Interests and Liabilities Agreement (Paula Financial)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, and adjustment expenseAdjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: United Insurance Holdings Corp.
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, claims and losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Safe Auto Group, Inc.
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, claims and losses, and adjustment expense. The Company shall be liable for all premium taxes on premium business ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premiumbusiness, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer’s portion of unearned premium, if any, claims, losses, and adjustment expenseAdjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers Reinsurer are obligated to pay any premium taxes on this premium, the Company shall reimburse the Reinsurers; Reinsurer, however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Excess of Loss Agreement (Philadelphia Consolidated Holding Corp)
