FUNDING OF RESERVES. shall read as follows: The Reinsurer agrees to fund its share of the Reinsured’s ceded unearned premium (including, but not limited to, the unearned portion of any deposit premium installment as calculated by the Reinsured) and outstanding loss and Loss Adjustment Expense reserves (including all case reserves plus any reasonable amount estimated to be unreported from known Loss Occurrences) by:
Appears in 2 contracts
Samples: Interests and Liabilities Agreement (HCI Group, Inc.), Interests and Liabilities Agreement (HCI Group, Inc.)
FUNDING OF RESERVES. shall read as follows: A. The Reinsurer agrees to fund its share of the ReinsuredCompany’s ceded unearned premium (including, including but not limited to, to the unearned portion of any deposit premium installment as calculated by the ReinsuredCompany) and outstanding loss and Loss Adjustment Expense loss adjustment expense reserves (including all case reserves plus any reasonable amount estimated to be unreported from known Loss Occurrencesloss occurrences) by:
Appears in 2 contracts
Samples: Catastrophe Reinsurance Contract (Homeowners Choice, Inc.), Reinsurance Contract (Homeowners Choice, Inc.)
FUNDING OF RESERVES. shall read as follows: A. The Reinsurer agrees to fund its share of the ReinsuredCompany’s ceded unearned premium (including, but not limited to, the unearned portion of any deposit premium installment as calculated by the Reinsuredinstallment) and outstanding loss and Loss Adjustment Expense reserves (including all case reserves plus any reasonable amount estimated to be unreported from known Loss Occurrences) by:
Appears in 1 contract
FUNDING OF RESERVES. shall read as follows: A. The Reinsurer agrees to fund its share of the ReinsuredCompany’s ceded unearned premium (including, but not limited to, the unearned portion of any deposit premium installment as calculated by the ReinsuredCompany) and outstanding loss and Loss Adjustment Expense reserves (including being the sum of all case reinstatement premiums paid by the Company under the Original Contract but not yet recovered from the Reinsurer, plus the Company’s reserves plus any reasonable amount estimated to be unreported from known Loss Occurrencesfor reinstatement premiums due under the Original Contract, if any) by:
Appears in 1 contract
Samples: Premium Protection Contract (Homeowners Choice, Inc.)
