Deferred Premiums definition

Deferred Premiums means, as of any date of determination, deferred premiums booked but deferred and not yet due in respect of the Covered Insurance Policies, as of such date, as would be reflected in line 15.2, column 3 in the “Assets” section of the Statutory Statement Blank calculated in accordance with SAP applicable to the Ceding Company.
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Examples of Deferred Premiums in a sentence

  • Group will pay their regularly invoiced monthly premium, together with the amortized portion of the unpaid balance of the Deferred Premiums, for each month of the Repayment Period.

  • The Reinsurer shall provide the Company Quarterly Accounting Reports, providing Exhibit 8 by reserve basis, a summary of Due and Deferred Premiums, Premiums received by state, commissions paid to producers, commissions payable to producers, aggregate claims paid and claims outstanding.

  • When Horizon invoices Group, the monthly invoices will include the amortized portion of the unpaid balance of Deferred Premiums until the balance is paid in full.

  • Group is required to timely remit payment in full for the invoices for each month of the Repayment Period until the Deferred Premiums are repaid in full.

  • For avoidance of doubt, payment in full shall mean the payment of the monthly premium, any disputed premium amounts, and the pro rata share of the Deferred Premiums over the Repayment Period.

  • Deferred Premiums must be repaid over the Repayment Period, unless repaid sooner.