Commercial Fund Retention. (A) The Company shall retain at least a 35 percent interest in premium and associated ultimate net losses in the Commercial Fund in each State. The remainder shall be ceded to FCIC. (B) The retention percentage for the Commercial Fund in each State shall be made in 5 percent increments and designated in the Company’s Plan of Operations according to Appendix II.
Appears in 19 contracts
Sources: Standard Reinsurance Agreement, Reinsurance Agreement, Reinsurance Agreement