MANAGING GENERAL AGENT’S REPORTS AND REMITTANCES. 5.1 The Managing General Agent shall submit a report to the Company, within forty-five (45) days after the end of each calendar month, summarizing the business transacted under this Agreement during such month. As used in this Agreement, the term “net collected premium” is defined as the total of all currently collected premiums (including down payments) on Policies written by the Managing General Agent pursuant to this Agreement less return premium and cancellations. Such report shall include the following items:
Appears in 8 contracts
Samples: Managing General Agency Agreement (Bowhead Specialty Holdings Inc.), General Agency Agreement (Bowhead Specialty Holdings Inc.), Managing General Agency Agreement (Bowhead Specialty Holdings Inc.)
