Common use of Commutation Clause in Contracts

Commutation. 1. Except as provided in subparagraph 3., not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims examination for the Company and the resolution of all outstanding examination issues.

Appears in 12 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

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Commutation. 1. Except as provided in subparagraph 3., not Not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses losses as described in sub-subparagraph a. paragraph (3)(d)1.a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. paragraph (3)(d)1.b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 11 contracts

Samples: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (United Insurance Holdings Corp.), Reimbursement Contract (United Insurance Holdings Corp.)

Commutation. 1. Except as provided in subparagraph 3., not Not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses losses as described in sub-subparagraph a. paragraph (3)(d)l.a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. paragraph (3)(d)l.b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 4 contracts

Samples: Reimbursement Contract (Federated National Holding Co), Reimbursement Contract (Homeowners Choice, Inc.), Federated National Holding Co

Commutation. 1. Except as provided in subparagraph 3.. below, not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 4 contracts

Samples: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract, Reimbursement Contract (FEDERATED NATIONAL HOLDING Co)

Commutation. 1. Except as provided in subparagraph 3., not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-sub- subparagraph a. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-sub- subparagraph b. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims examination for the Company and the resolution of all outstanding examination issues.

Appears in 4 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

Commutation. 1. Except as provided in subparagraph 3., not Not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. paragraph (3)(d)1.a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. paragraph (3)(d)1.b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 3 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

Commutation. 1. Except as provided in subparagraph 3., not Not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses losses as described in sub-subparagraph a. paragraph (3)(d)1 .a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. paragraph (3)(d)l.b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 2 contracts

Samples: Reimbursement Contract (21st Century Holding Co), Reimbursement Contract (21st Century Holding Co)

Commutation. 1. Except as provided in subparagraph 3.. below, not Nnot less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. (3)(d)1.a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. (3)(d)1.b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 2 contracts

Samples: Reimbursement Contract, Reimbursement Contract

Commutation. 1. Except as provided in subparagraph 3., not Not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses losses as described in sub-subparagraph a. paragraph (3)(d)1.a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. paragraph (3)(d)l.b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 2 contracts

Samples: Reimbursement Contract (Federated National Holding Co), Reimbursement Contract (Federated National Holding Co)

Commutation. 1. Except as provided in subparagraph 3., not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin upon at the later to occur of the following: of 60 months after the end of the Contract Year or upon completion of the FHCF claims examination for the Company and the resolution of all outstanding examination issues.

Appears in 2 contracts

Samples: Reimbursement Contract, Reimbursement Contract

Commutation. 1. Except as provided in subparagraph 3., not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-sub- subparagraph a. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-sub- subparagraph b. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at upon the later to occur of the following: 60 months after the end of the Contract Year or upon completion of the FHCF claims examination for the Company and the resolution of all outstanding examination issues.

Appears in 2 contracts

Samples: Reimbursement Contract, Reimbursement Contract

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Commutation. 1. Except as provided in subparagraph 3., not Not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable losses Losses as described in sub-subparagraph a. paragraph (3)(d)1.a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. paragraph (3)(d)1.b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 1 contract

Samples: Reimbursement Contract

Commutation. 1. Except as provided in subparagraph 3., not Not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses losses as described in sub-subparagraph a. paragraph (3)(d)1.a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. paragraph (3)(d)1.b. below. The Company and 15 FHCF-2014K Rule 19-8.010 F.A.C. SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 1 contract

Samples: Reimbursement Contract (HCI Group, Inc.)

Commutation. 1. Except as provided in subparagraph 3., not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at upon the later to occur of the following: 60 months after the end of the Contract Year or upon completion of the FHCF claims examination for the Company and the resolution of all outstanding examination issues.

Appears in 1 contract

Samples: Reimbursement Contract

Commutation. 1. Except as provided in subparagraph 3.. below, not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-sub- subparagraph a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims loss examination for the Company and the resolution of all outstanding examination issues.

Appears in 1 contract

Samples: Reimbursement Contract

Commutation. 1. Except as provided in subparagraph 3., not less than 36 months or more than 60 months after the afterthe end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF claims examination for the Company and the resolution of all outstanding examination issues.

Appears in 1 contract

Samples: HCI Group, Inc.

Commutation. 1. Except as provided in subparagraph 3.. below, not less than 36 months or more than 60 months after the end of the Contract Year, the Company shall file a final Proof of Loss Report(s), with the exception of Companies having no reportable Losses as described in sub-subparagraph a. below. Otherwise, the final Proof of Loss Report(s) is required as specified in sub-subparagraph b. below. The Company and SBA may mutually agree to initiate commutation after 36 months and prior to 60 months after the end of the Contract Year. The commutation negotiations shall begin at the later of 60 months after the end of the Contract Year or upon completion of the FHCF loss claims examination for the Company and the resolution of all outstanding examination issues.

Appears in 1 contract

Samples: Reimbursement Contract

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