Litchfield. In consideration of the agreements herein contained, Litchfield hereby agrees that there has been or will be assigned and transferred to State Auto Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of Litchfield assumed by State Auto Mutual under paragraph 2(k) hereof, less a ceding commission equal to the sum of the acquisition expenses associated with the unearned premium reserves which are transferred as provided herein. There shall be included among the assets assigned and transferred to State Auto Mutual by Litchfield all of the right, title and interest of Litchfield in and to all assets relative to the underwriting operations of Litchfield due or that may become due as evidenced by its books and records at the close of business on December 31, 2010, not including investments, accrued investment income, intercompany balances and bank deposits.
Appears in 1 contract
Samples: Reinsurance Pooling Agreement (State Auto Financial CORP)
Litchfield. In consideration of the agreements herein contained, Litchfield State Auto Mutual hereby agrees that there has been or will be assigned and transferred to State Auto Mutual Litchfield an amount, in cash or other assets, equal to the aggregate of all liabilities of Litchfield assumed by State Auto Mutual assumed by Litchfield under paragraph 2(k4(k) hereof, less a ceding commission equal to the sum of the acquisition expenses associated with the unearned premium reserves which are transferred as provided herein. There shall be included among the assets assigned and transferred to Litchfield by State Auto Mutual by Litchfield all of the right, title and interest of Litchfield State Auto Mutual in and to all assets relative to the underwriting operations of Litchfield State Auto Mutual, due or that may become due due, as evidenced by its books and records at the close of business on December 31, 2010, not including investments, accrued investment income, intercompany balances and bank deposits.
Appears in 1 contract
Samples: Reinsurance Pooling Agreement (State Auto Financial CORP)
Litchfield. In consideration of the agreements herein contained, Litchfield hereby agrees that there has been or will be assigned and transferred to State Auto Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of Litchfield assumed by State Auto Mutual under paragraph 2(k) hereof, less a ceding commission equal to the sum of the acquisition expenses associated with the unearned premium reserves which are transferred as provided herein. There shall be included among the assets assigned and transferred to State Auto Mutual by Litchfield all of the right, title and interest of Litchfield in and to all assets relative to the underwriting operations of Litchfield due or that may become due as evidenced by its books and records at the close of business on December 31, 20102007, not including investments, accrued investment income, intercompany balances and bank deposits.
Appears in 1 contract
Samples: Reinsurance Pooling Agreement (State Auto Financial CORP)
Litchfield. In consideration of the agreements herein contained, Litchfield hereby agrees that there has been or will be assigned and transferred to State Auto Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of Litchfield assumed by State Auto Mutual under paragraph 2(k2(l) hereof, less a ceding commission equal to the sum of the acquisition expenses associated with the unearned premium reserves which are transferred as provided herein. There shall be included among the assets assigned and transferred to State Auto Mutual by Litchfield all of the right, title and interest of Litchfield in and to all assets relative to the underwriting operations of Litchfield due or that may become due as evidenced by its books and records at the close of business on December 31, 20102009, not including investments, accrued investment income, intercompany balances and bank deposits.
Appears in 1 contract
Samples: Reinsurance Pooling Agreement (State Auto Financial CORP)