Commercial Fund. (i) Proportional: The Company will cede to FCIC from zero to sixty-five percent (65%) of total net book premium and associated liability for ultimate net losses on eligible livestock price insurance contracts, as designated in its Plan of Operations for the reinsurance year. Such percentage designation must be made in five percent (5%) increments. (ii) Non-Proportional: Retained premium and associated liability from eligible livestock price insurance contracts designated to the Commercial Fund are subject to the following two layers of stop-loss coverage and premium:
Appears in 13 contracts
Samples: Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement
Commercial Fund. (i) a. Proportional: The Company will cede to FCIC from zero to sixty-five percent (65%) of total net book premium and associated liability for ultimate net losses on eligible livestock price insurance contracts, as designated in its Plan of Operations for the reinsurance year. Such percentage designation must be made in five percent (5%) increments.
(ii) Non-Proportional: Retained premium and associated liability from eligible livestock price insurance contracts designated to the Commercial Fund are subject to the following two layers of stop-loss coverage and premium:
Appears in 5 contracts
Samples: Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement, Livestock Price Reinsurance Agreement
