Ceding Allowance. Shall be as agreed to by the Reinsurer and the Company. The ceding allowance includes provision for all dividends, commissions and taxes and all other expenses of whatever nature, except loss adjustment expenses. EXHIBIT W Attached to and made a part of Agreement of Reinsurance (the “Agreement”)
Ceding Allowance. On the Effective Date of this Agreement, the Reinsurer agrees to pay the Company a ceding allowance equal to one million five hundred thousand dollars ($1,500,000), which shall be paid to the Company by means of the Company retaining said amount from the reserves transferred to Reinsurer as set forth in Article III, paragraph 1.
Ceding Allowance. The Reinsurer shall allow the sum of (i) a ceding allowance to the Company of no more than 7% of Gross Collected Premium, (ii) taxes and assessments of 4% of Gross Collected Premium (or actual if higher) and (iii) actual Producer commissions paid by the Company. EXHIBIT R Attached to and made a part of Agreement of Reinsurance (the “Agreement”)
Ceding Allowance. None. ----------------
Ceding Allowance. The Reinsurer shall indemnify the Cedent for ceding ---------------- allowances equal to a fixed rate times its quota share of premiums collected with respect to Policies according to the following schedule: Ceding Allowance Product Name Cumulative Premium By Plan Code ------------ ---------------------- ---------------- Class A (Front-End Load; FL3EDR A-Share; Xxxxxx Xxxxx) FL3ER3 & All Other FL3ER4 Plan Codes Less than $50,000 0.50% 7.00% $50,000 - 99,999.99 0.50% 5.75% $100,000 - 249,999.99 0.50% 4.75% $250,000 - 499,999.99 0.50% 4.00% $500,000 - 999,999.99 0.50% 3.60% $1 million or greater 0.50% 3.00% ------------------------------------------------------------------------------ Age of Oldest Owner Upon Acceptance of Purchase Commission Ceding Allowance Product Name Payment Option By Plan Code ------------ ----------- ---------- ------------------------------------- Class VA ST110R, (7-Year XX00XX XX00XX, Back-End Load) & ST110X& ST11R3 & All Other ST11M3 ST11X3 ST13R3 Plan Codes 0-79 A 7.50% 7.00% 0.50% 8.50% B 3.20% 7.00% 0.50% 7.00% C -- 7.00% 0.50% 4.00% 80-85 A 4.60% 7.00% 0.50% 5.25% B 2.60% 7.00% 0.50% 4.50% C -- 7.00% 0.50% 3.00% 86-90 A 3.30% 7.00% 0.50% 3.63% B 2.30% 7.00% 0.50% 3.25% C -- 7.00% 0.50% 2.50% ------------------------------------------------------------------------------- Class B (7-Year ST1EDR Back-End Load; ST1ER3 & All Other Xxxxxx Xxxxx) ST1ER4 Plan Codes 0 - 79 All 0.50% 6.75% 80 - 85 All 0.50% 4.50% 86 - 90 All 0.50% 3.25% ------------------------------------------------------------------------------------------- Class AA (7- ST1AGB, Year Back-End ST1AGX ST1AGR All Other Load; XX XX0XX0 & XX0XX0 & Xxxx Xxxxxxx) ST1AG4 ST1AR4 Codes 0 - 79 A 7.00% 0.50% 7.75% B 7.00% 0.50% 4.00% 80 - 85 A 7.00% 0.50% 5.00% B 7.00% 0.50% 3.00% 86 - 90 A 7.00% 0.50% 3.50% B 7.00% 0.50% 2.50% ------------------------------------------------------------------------------------------- Class XC All Other (Bonus; XX00XX & Xxxx Xxxxxxxxxx) XX00X0 Codes 0 - 79 A 7.25% 8.50% B 3.20% 7.00% 80 - 85 A 4.60% 5.25% B 2.60% 4.50% 86 - 90 A 3.30% 3.63% B 2.30% 3.25% ------------------------------------------------------------------------------------------- Class C (Level CS510R, Load; C-Share; CS51MR, All Other Wirehouses) CS51ML & CS51R3 & Plan CS51M3 CS53R3 Codes 0 - 79 All 3.20% 0.50% 4.25% 80 - 85 All 2.60% 0.50% 3.12% 86 - 90 All 2.30% 0.50% 2.56% ------------------------------------------------------------------------------------------- Class L (3-Year...
Ceding Allowance. On the Effective Date of this Agreement, the Reinsurer agrees to pay the Company a ceding allowance equal to ten dollars ($10.00).
Ceding Allowance. The Reinsurer will pay the Company a Ceding Allowance equal to .83333% of premium on the first $100 million of premium.
Ceding Allowance. The Coinsurer agrees to pay the Company, on the Coinsurance Effective Date, a ceding allowance equal to one dollar ($1.00).
Ceding Allowance. In consideration of the reinsurance ceded hereunder, and subject to Section 2.07, the Rate Setting Process and Section 5.01 in respect of payments of the Deferred Ceding Commission, the Reinsurer shall pay to the Ceding Company, on a monthly basis in accordance with Section 7.03, a ceding commission in respect of each cohort of Reinsured Policies at the rate, on the timeframe and otherwise on the terms mutually agreed upon by the parties subject to the Rate Setting Process (the “Ceding Allowance”). In connection with and subject to the foregoing, unless otherwise agreed by the parties in advance of any Rate Setting Meeting, prior to each such meeting the Ceding Company and the Reinsurer shall deliver to each other the information and reports described in, and at the times provided for, in the Rate Setting Process. The Initial Crediting Rate or Renewal Crediting Rate (as applicable) and corresponding Ceding Allowance in respect of any such cohort of Reinsured Policies shall be determined by the parties at the Rate Setting Meeting in accordance with the Rate Setting Process.
Ceding Allowance. It is anticipated that as part of this reinsurance transaction the Ceding Company will cede to HLR US the Business Reinsured and HLR US will provide to the Ceding Company a ceding allowance of $4,000,000. The ceding allowance will represent the initial loss carryforward ("LCF"), together with all expenses and losses incurred by HLR US under the Business Reinsured, which will accrue interest at a rate per annum equal to 15%. If at any time, the Business Reinsured is negative or not sufficiently profitable to pay the interest accrued during the period on the LCF, then the Ceding Company shall pay HLR US the interest due and accrued for the period minus profits, if any, from the Business Reinsured at the end of each quarter.
