Reinsurance Premium definition

Reinsurance Premium shall have the meaning specified in Section 3.02.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Reinsurance Premium shall have the meaning specified in Section 4.1.

Reinsurance Premium means the Quota Share of Premiums on Reinsured Policies as set forth in Schedule A.

Examples of Reinsurance Premium in a sentence

The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV.
The Reinsurer may terminate this Agreement in the event that Reinsurance Premium payments are more than sixty (60) days past due after the due date, as described in Paragraph C of this Article, by giving sixty (60) day written notice of termination to the Cedent.
In exchange for the Reinsurer providing the Ceding Company with an Inuring Reinsurance Premium Allowance in order to pay the premiums under the Inuring Reinsurance agreements, the Reinsurer shall be entitled to a reduction in its liability to the extent of Inuring Reinsurance Recoveries actually received by the Ceding Company.
Any positive Net Reinsurance Premium Balance for a month is payable to the Reinsurer.
The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article.

More Definitions of Reinsurance Premium

Reinsurance Premium shall have the meaning set forth in Section 5.03.

Reinsurance Premium has the meaning set forth in Section 7.01.

Reinsurance Premium shall have the meaning ascribed to such term in the LPT Reinsurance Agreement.

Reinsurance Premium has the meaning set forth in the Master Transaction Agreement.

Reinsurance Premium. The Reinsured shall pay the Reinsurer an amount equal to (a) 92.50% (“Premium Percentage”) of the Gross Written Premium on each Issued Contract (the “Reinsurance Premium”) less (b) the amount payable by the Reinsured to the Agent (as hereinafter defined) pursuant to Section 5.2 of the Agency Agreement. As used herein “Gross Written Premium” means gross premium written less cancellations and return premiums. For purposes of clarification and not limitation, the Premium Percentage is net of all commissions and is calculated as provided in Schedule 1 attached hereto. PROFIT COMMISSION: The Reinsurer shall pay the Reinsured, on the day that is one business day prior to the day the Profit Commission (as defined in the Agency Agreement) is payable by the Reinsured to the Agent pursuant to Section 5.1 of the Agency Agreement, an amount equal to such Profit Commission.

Reinsurance Premium means the reinsurance premiums due from the Company to the Reinsurer, as described in Article V, for each life reinsured under this Agreement.

Reinsurance Premium means an amount equal to (a) $697,000,000, minus (b) the Rollforward Amount as of the Closing Date, as determined pursuant to Section 2.4.