Examples of Ceding Commissions in a sentence
Retrocedant Ceding Commissions shall also include all underwriting fees and other costs and expenses paid by Retrocedant pursuant to the Underwriting Management Agreement between Retrocedant and Retrocessionaire, dated as of the date hereof, and all underwriting and other expenses incurred by Retrocedant on or after the Effective Date with respect to the liabilities transferred hereunder, as determined in accordance with Retrocedant's customary practices and procedures.
The Ceding Company shall debit the Funds Withheld Account as of November 1st of the preceding Coverage Year for all Ceding Commissions.
Net Earned Premiums Gross Premium Receivable, Net of Ceding Commissions Roll Forward Gains or losses due to foreign exchange rate changes relate to installment premium receivables denominated in currencies other than the U.S. dollar.
All sectoral and regional annexes discuss in detail their GAD and non GAD GPGs53 and chapters 4 and 5 discuss GPGs produced by ESW on gender and HIV and AIDS issues respectively.
The Special Return Premium shall equal the result of subtracting: a) the product of X% of ceded Subject Ultimate Net Loss, from b) the result of aggregate Reinsurance Premiums less Ceding Commissions due hereon less the Initial Reinsurance Margin, less the Additional Reinsurance Margin.
Notwithstanding any other provision of this Retrocession Agreement to the contrary, Ceding Commissions, Renewal Commissions and Profit-Sharing Commissions shall be paid by Retrocessionaire to Retrocedent only with respect to the premiums relating to the Reinsured Contracts for periods after the Effective Date that have been collected in cash by Retrocessionaire.
Mauldin explained that the sales revenue is down 13% from the 2015 actual collection; noted that it is 5% less than what was budgeted; and added that Administration is adjusting the additional monies less the collections that they are projecting to receive.
If the Company elects, and the Reinsurers consents, to terminate this Agreement on a cut-off basis, in accordance with Article 3, Term, then the Reinsurers shall return to the Company the respective unearned premium less previously paid Reinsurers' Margin and Ceding Commissions on such unearned premium.
To the extent any Premiums are collected directly by a Company, such Company shall so advise the Reinsurer and shall promptly remit them to the Reinsurer, net of any Ceding Commissions which shall be retained by such Company.
See discussion below for Net Written Premiums, Net Premiums Earned and Contingent Ceding Commissions Earned.