Examples of Specialty Program Business Pool in a sentence
CPIC, as pool manager, shall negotiate, obtain and maintain such Pool Reinsurance as it deems appropriate with respect to the liabilities of the Specialty Program Business Pool, which reinsurance shall inure to the benefit of the Participating Companies according to their respective Pooling Percentages.
The Participating Companies acknowledge that, following the acceptance or retention of a percentage of the Specialty Program Business Pool by a Participating Company, such pooled business shall be subject to such reinsurance as may be entered into by such Participating Company on or after the Effective Date that is for the benefit of such Participating Company as to its participation in the Specialty Program Business Pool and does not inure to the benefit of the Specialty Program Business Pool.
CPIC shall establish the Specialty Program Business Pool, which shall consist of the Premium and Net Liability under all Specialty Program Business written or assumed by CPIC and TICNY (including business assumed by CPIC pursuant to this Pooling Agreement).
A Participating Company may terminate their respective participation in the Specialty Program Business Pool as of the date forty eight (48) months after the Effective Date and thereafter as of the close of a calendar quarter by giving at least six (6) months prior written notice to the other party by certified or registered mail.
CPIC shall establish the Specialty Program Business Pool, which shall consist of the Net Liability under all Specialty Program Business written or assumed by CPIC and Tower (including business assumed by CPIC pursuant to this Pooling Agreement).
Either Tower or CPIC may terminate their respective participation in the Specialty Program Business Pool as of the date thirty six (36) months after the Effective Date and thereafter as of the close of a calendar quarter by giving at least six (6) months prior written notice to the other party by certified or registered mail.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.Date: January 14, 2015 /s/ Michael J.