Common use of Federal Excise Tax Clause in Contracts

Federal Excise Tax. (Applicable to those Reinsurers, excepting Underwriters at Lloyd's, London and other Reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer has agreed to allow, for the purpose of paying the Federal Excise Tax, the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer will deduct the aforesaid percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States government.

Federal Excise Tax. (Applicable to those Reinsurers, excepting Underwriters at Lloyd's, London and other Reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer has agreed to allow, allow for the purpose of paying the Federal Excise Tax, Tax the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer will deduct the aforesaid applicable percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States governmentGovernment.

Federal Excise Tax. (Applicable to those Reinsurerssubscribing reinsurers, excepting Underwriters at Lloyd's, ’s London and other Reinsurers subscribing reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer subscribing reinsurer has agreed to allow, allow for the purpose of paying the Federal Excise Tax, Tax the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer subscribing reinsurer will deduct the aforesaid applicable percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States governmentGovernment.

Federal Excise Tax. (Applicable to those Reinsurersreinsurers, excepting Underwriters at Lloyd's’s, London and other Reinsurers reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer has agreed to allow, for the purpose of paying the Federal Excise Tax, the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer will shall deduct the aforesaid percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States government.

Federal Excise Tax. (Applicable to those Reinsurersreinsurers, excepting Underwriters at Lloyd's, ’s London and other Reinsurers reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. A) The Reinsurer has agreed to allow, allow for the purpose of paying the Federal Excise Tax, Tax the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. B) In the event of any return of premium becoming due hereunder hereunder, the Reinsurer will deduct the aforesaid applicable percentage from the return premium payable hereon and the Company Reinsured or its agent should take steps to recover the tax from the United States governmentGovernment.

Federal Excise Tax. (Applicable to those Reinsurersreinsurers, excepting Underwriters at Lloyd's, London and other Reinsurers reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer has agreed to allow, for the purpose of paying the Federal Excise Tax, the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer will shall deduct the aforesaid percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States government.

Federal Excise Tax. (Applicable to those Reinsurers, excepting Underwriters at Lloyd's, London and other Reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer has agreed to allow, for the purpose of paying the Federal Excise Tax, the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer will deduct the aforesaid percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States government.. ED 4/5/96 Page 9 of 15 (Q)/pc/jk 10 01-96-0020

Federal Excise Tax. (Applicable to those Reinsurers, excepting Underwriters at Lloyd's’s, London and other Reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer has agreed to allow, for the purpose of paying the Federal Excise Tax, the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer will shall deduct the aforesaid percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States government.

Federal Excise Tax. (Applicable to those Reinsurersreinsurers, excepting Underwriters at Lloyd's’s, London and other Reinsurers reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.) A. The Reinsurer has agreed to allow, allow for the purpose of paying the Federal Excise Tax, Tax the applicable percentage of the premium payable hereon (as imposed under Section 4371 of the Internal Revenue Service Code) to the extent such premium is subject to the Federal Excise Tax. B. In the event of any return of premium becoming due hereunder the Reinsurer will deduct the aforesaid applicable percentage from the return premium payable hereon and the Company or its agent should take steps to recover the tax from the United States governmentGovernment.