Common use of SECTION A COVERAGE -- PREMIUM Clause in Contracts

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Department of Commerce and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts Contract for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Vermont Department of Commerce Insurance and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B A hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts Contract for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Department of Commerce Insurance and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B A hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Department of Commerce and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts Contract for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Department of Commerce Insurance and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Vermont Department of Commerce Insurance and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B A hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Effrective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts Contract for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Department of Commerce Insurance and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B A hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.

SECTION A COVERAGE -- PREMIUM. (a) On the Effective Date, in respect of the Section A Coverage, Retrocedant shall pay to the account of Retrocessionaire an amount (the "INITIAL SECTION A PREMIUM") equal to one hundred percent (100%) of the carrying value on the books of Retrocedant as of June 30, 2002, of the aggregate of all loss and loss adjustment expense and ceding commission reserves relating to the Reinsurance Contracts for the coverage period under this Agreement, determined in accordance with statutory accounting principles on a basis consistent in all material respects with the methods, principles, practices and policies employed in the preparation and presentation of Retrocedant's annual statutory financial statement as of December 31, 2001 as filed with the Minnesota Department of Commerce Insurance and as submitted to The St. Xxxx, and subject to the adjustments as set forth on Exhibit B hereto (the "LOSS RESERVE ADJUSTMENTS"), as applicable.