REINSURANCE PREMIUM. Within 25 days after the close of each calendar quarter, the Company shall pay to the Reinsurer one quarter of the flat reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM.
Appears in 3 contracts
Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp), The Agreement (Philadelphia Consolidated Holding Corp), The Agreement (Philadelphia Consolidated Holding Corp)
REINSURANCE PREMIUM. Within 25 days after the close of each calendar quarter, the Company shall pay render to the Reinsurer one quarter a report of the flat reinsurance premium stipulated in for the section entitled REINSURANCE PREMIUMquarter with respect to the Company’s Subject Earned Premium during the quarter, summarizing the reinsurance premium by line of insurance. The amount due the Reinsurer, shall be remitted within 25 days after the close of the quarter.
Appears in 2 contracts
Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp), The Agreement (Philadelphia Consolidated Holding Corp)
REINSURANCE PREMIUM. Within 25 days after the close of each calendar quarter, the Company shall pay render to the Reinsurer one quarter a report of the flat reinsurance premium stipulated in for the section entitled REINSURANCE PREMIUMquarter with respect to the Company’s Subject Earned Premium during the quarter, summarizing the reinsurance premium by line of insurance; and the amount due the Reinsurer shall be remitted with 25 days after the close of the quarter.
Appears in 1 contract
Samples: Excess of Loss Agreement (Philadelphia Consolidated Holding Corp)
