MPCI definition
Examples of MPCI in a sentence
Should however cumulative outgo exceed cumulative income the rate shall be adjusted to 8.50% multiplied by the Company's Net Retained Premium Income for MPCI.
At the Effective Time, CNA shall transfer to IGF and IGF shall assume the management responsibilities of the entire MPCI and Crop Hail books of business of CNA (the "Business").
Upon the occurrence of a Change of Control prior to the 2001 MPCI Crop Year, CNA will have the ability to terminate the MPCI Reinsurance Agreement and the Crop Hail Agreement and receive from IGF compensation as provided for in this Article.
From the 2001 Crop Year and forward, CNA will have the ability to terminate the MPCI Reinsurance Agreement and the Crop Hail Agreement and receive from IGF the compensation provided for in subsection 3.8.B.i.
The exercise of a Put or Call Mechanism or Change of Control Put or Change of Control Call Mechanism (collectively "Mechanisms") authorized under this Section shall terminate the MPCI Reinsurance Agreement and Crop Hail Agreement as of the end of the most recently completed Crop Year.
Schedule 4.17 accurately and completely sets forth all costs, by line item (in accordance with CNA's management reporting procedures) incurred by CNA in producing and servicing its Crop Hail and MPCI business for Crop Years 1996 and 1997.
Until the parties hereto shall mutually agree to the contrary, from and after the Effective Time, CNA shall use its commercially reasonable best efforts to cause (i) all MPCI and Crop Hail business of NACU to be placed with IGF; and (ii) the underwriting of such NACU business to be in accordance with CNA underwriting guidelines.
Upon the occurrence of a Change of Control prior to the 2001 MPCI Crop Year, IGF shall have the ability to terminate the MPCI Reinsurance Agreement and the Crop Hail Agreement and shall pay to CNA the compensation as is provided for in subsection 3.8.C.ii.a.
From and after the Effective Time, CNA shall not compete with IGFH in any MPCI or Crop Hail business, or in the Business, or either of them for a period which shall be either (i) twenty-four (24) months from the exercise of the Put Right by CNA; or (ii) thirty-six (36) months from the exercise of the Call Right by IGFH.
In the event that Producers Lloyds decides not to maintain its SRA CNA will use its commercially reasonable best efforts to assist IGF in persuading Producers Lloyds to accept IGF as its insurance carrier thereby maintaining the Producers Lloyds MPCI Premium within the Combined CNA/IGF MPCI Net Book Premium.