Net Premium Ratio definition

Net Premium Ratio means for any Person as of any date of determination a ratio the numerator of which is Net Written Premiums of such Person for the four preceding fiscal quarters ending on such date of determination and the denominator of which is Statutory Surplus of such Person as of such date.
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Examples of Net Premium Ratio in a sentence

  • On the Computation Date, the Net Premium Ratio, which is required to be not more than 2.0 to 1.0 was the following ratio for each Insurance Subsidiary as set forth below and the Gross Premium Ratio which is required to be not more than 3.0 to 1.0 was the following ratio for each Insurance Subsidiary as set forth below, as computed in the supporting documents attached as Schedule 4.

  • Cause each Insurance Subsidiary to maintain at all times a Net Premium Ratio of not more than 2.5 to 1.0 and a Gross Premium Ratio of not more than 3.5 to 1.0.

  • The Banks party to the Existing Credit Agreement waive the violation of the provisions of Section 6.18 for the period ended December 31, 2003 provided that such waiver is contingent on the Net Premium Ratio not exceeding 2.75 to 1.0 as of such date.

  • Cause each Insurance Subsidiary to maintain at all times a Net Premium Ratio of not more than 2.5 to 1.0 and a Gross Premium Ratio of not more than 3.0 to 1.0.

  • On the Computation Date, the Net Premium Ratio, which is required to be not more than ________ 1.0 was ________to 1.0 and the Gross Premium Ratio which is required to be not more than to 1.0 was _______ to 1.0 as computed in the supporting documents attached as Schedule 5.

  • On the Computation Date, the Net Premium Ratio, which is required to be not more than __________ to 1.0 for NPIC and HPIC was ______________ to 1.0 and not more than _____ to 1.0 for NPCIC was ____ to 1.0 and the Gross Premium Ratio which is required to be not more than __________ to 1.0 for NPIC and HPIC was __________ to 1.0 and not more than _____ to 1.0 for NPCIC was ____ to 1.0 as computed in the supporting documents attached as Schedule 5.

  • Cause the Insurance Subsidiaries on a combined basis to maintain as of the end of each fiscal year a Net Premium Ratio of not more than 2.5 to 1.0 and a Gross Premium Ratio of not more than 3.0 to 1.0.

  • On the Computation Date, the Net Premium Ratio, which is required to be not more than __________ 1.0 was ______________ to 1.0 and the Gross Premium Ratio which is required to be not more than __________ to 1.0 was __________ to 1.0 as computed in the supporting documents attached as Schedule 5.

  • On the Computation Date, the Net Premium Ratio, which is required to be not more than 1.0 was to 1.0 and the Gross Premium Ratio which is required to be not more than to 1.0 was to 1.0 as computed in the supporting documents attached as Schedule 5.

  • Under the terms of Section 6.18 of the Existing Credit Agreement, Company was required to maintain a Net Premium Ratio of not more than 2.50 to 1.0. Company has informed the Agent and the Banks that it violated the provisions of Section 6.18 for the period ended December 31, 2003.