Collected Premium definition
Examples of Collected Premium in a sentence
The Reinsurer shall receive its proportionate share of the Gross Collected Premium received by the Company less all Return Premiums as respect Policies attaching during the Agreement Year.
Collected Premium shall mean the Subject Net Premium paid by the Insured.
The Reinsurer shall allow the sum of (i) a ceding allowance to the Company of no more than 7% of Gross Collected Premium, (ii) taxes and assessments of 4% of Gross Collected Premium (or actual if higher) and (iii) actual Producer commissions paid by the Company.
The Company shall pay the ceded Collected Premium, net of Ceding Commission, plus Fee Income, simultaneous with the sending of the Loss Report.
The Reinsurer’s proportionate share of the Gross Collected Premium shall equal the fixed proportion percentage as indicated in Section 4 of each Exhibit.
Gross Collected Premium shall mean all premiums collected by the MGA, less return premiums, cancellations and premiums collected through the efforts of the Program Administrator.
An amount equal to a percentage of the Gross Collected Premium specified in the attached Addendum(s) on the business coming under this Agreement.
For purposes of this Agreement, "Remittance Due" shall mean, with respect to any month, an amount equal to the Collected Premium for such month, minus the compensation provided in Article IX.
Commission Fee on Individual Life Insurance as a Percentage of Collected Premiums Premium Reserve Amount Total Collected Premium $ $ Percentage Reinsured $ 100% $ 100% Reinsured Collected Premiums $ $ Commission Fee Percentage $ 0% $ 0% Commission Fee $ $ 2.
Commission Fee on Individual Life Insurance as a Percentage of Collected Premiums Total Collected Premium $ $ Percentage Reinsure $ 100% $ 100% Reinsured Collected Premiums $ $ Commission Fee Percentage $ 0% $ 0% Commission Fee $ $ 2.