Common use of Administrative Fees Clause in Contracts

Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) In the event the policyholder is a limited resource xxxxxx as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will waive the applicable fees on the monthly settlement report. (2) The Company shall terminate eligible crop insurance contracts if administrative fees are not paid by the date specified in the applicable eligible crop insurance contract for CAT coverage and report such termination to FCIC in accordance with FCIC procedures. (3) FCIC will perform debt collection activities for CAT administrative fees that have not been timely paid, provided the Company has followed FCIC procedures.

Appears in 11 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement, Reinsurance Agreement

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Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) In the event the policyholder is a limited resource xxxxxx farmer as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will waive the applicable fees on the monthly settlement report. (2) The Company shall terminate eligible crop insurance contracts if administrative fees are not paid by the date specified in the applicable eligible crop insurance contract for CAT coverage and report such termination to FCIC in accordance with FCIC procedures. (3) FCIC will perform debt collection activities for CAT administrative fees that have not been timely paid, provided the Company has followed FCIC procedures.

Appears in 9 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement, Reinsurance Agreement

Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) . In the event the policyholder is a limited resource xxxxxx as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will shall waive the applicable fees on the monthly settlement report. (2) The . If the Company shall terminate eligible crop insurance contracts if administrative fees are not paid by terminates the date specified in the applicable eligible crop insurance contract for CAT coverage due to the non-payment of administrative fees and report reports such termination to FCIC in accordance with FCIC procedures. (3) , FCIC will perform debt collection activities for CAT administrative fees that have not been timely paid, provided the Company has followed FCIC proceduresare due from such ineligible policyholder.

Appears in 3 contracts

Samples: Reinsurance Agreement, Standard Reinsurance Agreement, Reinsurance Agreement

Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) In the event the policyholder is a limited resource xxxxxx farmer as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will shall waive the applicable fees on the monthly settlement report. (2) The Company shall must terminate eligible crop insurance contracts if administrative fees are not paid by the date specified in the applicable eligible crop insurance contract for CAT coverage and report such termination to FCIC in accordance with FCIC procedures. (3) FCIC will perform debt collection activities Debt management for non-payment of CAT administrative fees that have not been timely paid, provided the Company has followed FCIC procedureswill be conducted according to procedures established by FCIC.

Appears in 1 contract

Samples: Reinsurance Agreement

Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) In the event the policyholder is a limited resource xxxxxx as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will shallwill waive the applicable fees on the monthly settlement report. (2) The Company shall mustshall terminate eligible crop insurance contracts if administrative fees are not paid by the date specified in the applicable eligible crop insurance contract for CAT coverage and report such termination to FCIC in accordance with FCIC procedures. (3) FCIC will perform debt collection activities for CAT administrative fees that have not been timely paid, provided the Company has followed FCIC procedures.

Appears in 1 contract

Samples: Reinsurance Agreement

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Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) In the event the policyholder is a limited resource xxxxxx as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will shall waive the applicable fees on the monthly settlement report. (2) The Company shall must terminate eligible crop insurance contracts if administrative fees are not paid by the date specified in the applicable eligible crop insurance contract for CAT coverage and report such termination to FCIC in accordance with FCIC procedures. (3) FCIC will perform debt collection activities Debt management for non-payment of CAT administrative fees that have not been timely paid, provided the Company has followed FCIC procedureswill be conducted according to procedures established by FCIC.

Appears in 1 contract

Samples: Reinsurance Agreement

Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) In the event the policyholder is a limited resource xxxxxx as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will shall waive the applicable fees on the monthly settlement report. (2) The Company shall must terminate eligible crop insurance contracts if administrative fees are not paid by the date specified in the applicable eligible crop insurance contract for CAT coverage and report such termination to FCIC in accordance with FCIC procedures. (3) FCIC will perform debt collection activities for CAT administrative fees that have not been timely paid, provided the Company has followed FCIC procedures.

Appears in 1 contract

Samples: Reinsurance Agreement

Administrative Fees. The Company shall remit to FCIC all administrative fees collected in accordance with the applicable eligible crop insurance contract and the following: (1) In the event the policyholder is a limited resource xxxxxx farmer as defined in the regulations, the Company shall submit the required information to FCIC and FCIC will waive the applicable fees on the monthly settlement report.report.‌ (2) The Company shall terminate eligible crop insurance contracts if administrative fees are not paid by the date specified in the applicable eligible crop insurance contract for CAT coverage and report such termination to FCIC in accordance with FCIC procedures.procedures.‌ (3) FCIC will perform debt collection activities for CAT administrative fees that have not been timely paid, provided the Company has followed FCIC procedures.procedures.‌

Appears in 1 contract

Samples: Standard Reinsurance Agreement

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