Examples of Renewal Rights Agreement in a sentence
Per the terms of the Renewal Rights Agreement, the ceding commission paid by OneBeacon will not exceed 35% of the premiums subject to the Quota Share in either twelve month period.
With the preliminarily validated EZ-DOES IT OSATS of the present study, evaluation of content validity will be facilitated in future studies.
ADJUSTMENTS FOR THE QUOTA SHARE OneBeacon will reinsure 67% of all premiums and losses and loss adjustment expenses from renewal policies underwritten by Liberty Mutual under the Renewal Rights Agreement during the first twelve months and 33% of all such premiums and losses and loss adjustment expenses in the following twelve months.
Had the Renewal Rights Agreement been in place as of January 1, 2001, the Company would have experienced written premiums, earned premiums and losses and loss adjustment expenses for the year ended December 31, 2001 of $868.9 million, $451.6 million and $385.9 million, respectively, consisting of 67% of all written premiums, earned premiums and losses and loss adjustment expenses from renewal policies subject to the Renewal Rights Agreement.
Such amounts were based on an estimate that approximately 52% of all written premiums for Business Subject to the Renewal Rights Agreement would have been earned during the year ended December 31, 2001.