Federal Excise Tax. The Reinsurer will allow for the purpose of paying federal excise tax (“Federal Excise Tax”) the applicable percentage of Premiums payable hereunder to the extent such Premiums are subject to Federal Excise Tax and will, in all cases, indemnify the Ceding Company for any Federal Excise Tax liability with respect to the Premiums payable hereunder.
Appears in 7 contracts
Samples: Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Combination Coinsurance and Modified Coinsurance Agreement (SAFG Retirement Services, Inc.), Modified Coinsurance Agreement (SAFG Retirement Services, Inc.)
Federal Excise Tax. The Reinsurer will has agreed to allow for the purpose of paying federal excise tax (“the Federal Excise Tax”) Tax the applicable percentage of Premiums the premium payable hereunder hereon (as imposed under Section 4371 of the Internal Revenue Code) to the extent such Premiums are premium is subject to the Federal Excise Tax and will, in all cases, indemnify the Ceding Company for any Federal Excise Tax liability with respect to the Premiums payable hereunderTax.
Appears in 1 contract
Samples: Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)
