Second Layer. 1. The premium for the reinsurance provided under this Agreement shall be computed at the rate of 5.166% of the Company’s gross net written premium on the business covered hereunder. 2. The annual minimum premium for the reinsurance provided under this Agreement is $354,000. 3. The annual deposit premium for the reinsurance provided under this Agreement is $416,000.
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Sources: Reinsurance Agreement (Lmi Holdings Inc), Reinsurance Agreement (Lmi Holdings Inc)
Second Layer. 1. The premium for the reinsurance provided under this Agreement shall be computed at the rate of 5.1665.67% of the Company’s gross net written premium on the business covered hereunder.
2. The annual minimum premium for the reinsurance provided under this Agreement is $354,000368,000.
3. The annual deposit premium for the reinsurance provided under this Agreement is $416,000S432,000.
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