Common use of MANAGING GENERAL AGENT’S REPORTS AND REMITTANCES Clause in Contracts

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: (1) Net written premium, net earned premium and net collected premium; (2) Policy and service fee revenue and Policy and service fees collected (if different); (3) Premium taxes on net written premium and Policy and service fees; (4) Reinsurance Agreement ceded commissions due to the Company; (5) Any regulatory assessments levied upon the Company; (6) Producer’s commissions; (7) MGA Commission; (8) Losses paid less recoveries and salvage; (9) Loss adjustment expenses paid; (10) Outstanding loss reserves (without XXXX); (11) Outstanding loss expense reserves (without IBNR), which shall be reported as zero; (12) Unearned premium reserve and earned premium; and (13) Reconciliation of Premium Escrow Account. There are no management fees to be reported. 5.2 During the term of the Reinsurance Agreement and to the extent contemplated thereby, the Managing General Agent shall remit the balance of the account (premium and fees minus commissions and other Managing General Agent and Producer compensation, losses and loss adjustment expenses), plus premium taxes and other regulatory assessments, directly to the Reinsurer net of the Company’s commission under the Reinsurance Agreement which shall be paid to the Company, within forty-five (45) days after the end of the calendar month for which the report is rendered. 5.3 In addition to the return of premium and fees, the Managing General Agent shall refund commissions on Policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained. 5.4 In the event a refund or discount is ordered by the OCI or other applicable regulatory authority, the Managing General Agent shall refund or discount at the same rate at which such commissions were originally retained. 5.5 The parties may, as mutually agreed, alter the frequency and/or content of the Managing General Agent’s report; provided, however, such report frequency and/or content meets minimum legal and regulatory requirements. 5.6 The omission of any item(s) from a monthly report shall not affect the responsibility of either party to account for and pay all amounts due the other party, nor shall it prejudice the rights of either party to collect all such amounts due from the other party. 5.7 The Managing General Agent shall annually furnish to the Company the following summary information in such form as to enable the Company to record such information in its annual statement: (1) summaries, with data segregated by major classes, of net written premium, gross loss paid, net salvage, subrogation and adjusting expenses paid during the year; and (2) unearned premium running twelve (12) months or less from the Policy inception date. 5.8 The Managing General Agent agrees to furnish to the Company any additional reports necessary to provide the Company’s monthly, quarterly, and/or annual statements to regulatory authorities and rating agencies, including all required statistical reporting. 5.9 If required by applicable law, annually on or before June 30, the Managing General Agent shall furnish to the Company audited financial statements of Bowhead Insurance Holdings LP, including consolidating schedules of the Profit and Loss and Balance Sheet Statements for Bowhead Insurance Holdings LP. 5.10 [RESERVED] 5.11 The Managing General Agent shall timely prepare for the Company’s review and filing all reports, statements, documents and other filings related to the Policies, this Agreement and the Reinsurance Agreement required from time to time by governmental and regulatory agencies, or as otherwise required for compliance with applicable law. 5.12 The Managing General Agent shall timely provide the Company with any data required by the OCI, or otherwise required for compliance with applicable law. 5.13 The Managing General Agent shall return any unearned premium due insureds or other persons on the Subject Business from the Premium Escrow Account.

MANAGING GENERAL AGENT’S REPORTS AND REMITTANCES. 5.1 The Managing General Agent shall submit a report to the Company, within forty-five thirty (4530) days after the end close of business each calendar month, summarizing the business transacted under this Agreement during such the prior 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: (1) Net x. xxxxx premiums written premium, net earned premium less returns and net collected premiumcancellations; (2) Policy and service fee revenue and Policy and service fees collected (if different); (3) Premium taxes on net written premium and Policy and service fees; (4) Reinsurance Agreement ceded commissions due to the Company; (5) Any regulatory assessments levied upon the Company; (6) Producerb. Agent’s commissions; (7) MGA Commission; (8) Losses c. losses paid less recoveries and salvage; (9) Loss d. loss adjustment expenses paid; (10) Outstanding e. outstanding loss reserves (without XXXX)reserves; (11) Outstanding f. outstanding loss expense reserves (without IBNR), which shall be reported as zeroreserves; (12) Unearned g. losses incurred but not reported; h. unearned premium reserve and earned premiumreserve; and (13) Reconciliation of Premium Escrow Account. There are no management fees to be reportedi. earned premium. 5.2 During the term of the Reinsurance Agreement and to the extent contemplated thereby, the The Managing General Agent shall remit the balance of the account (premium and fees minus commissions and other Managing General Agent and Producer compensation, losses and loss adjustment expenses), plus premium taxes and other regulatory assessments, all amounts due directly to the Reinsurer net of the Company’s commission under the Reinsurance Agreement which shall be paid to the Company, Company within forty-five (45) days after the end close of the calendar month for which the report account is rendered. 5.3 In addition to the return of premium and feespremium, the Managing General Agent shall refund commissions on Policy policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained. 5.4 In the event a refund or discount is ordered by the OCI or other applicable regulatory authority, the Managing General Agent shall refund or discount at the same rate at which such commissions were originally retained. 5.5 The parties Company may, as mutually agreedat its sole option, reasonably alter the frequency and/or content of the Managing General Agent’s report; provided, however, such report frequency and/or content meets minimum legal and regulatory requirementsis made no less frequently than monthly. 5.6 5.5 The omission of any item(s) from a monthly report statement shall not affect the responsibility of either party to account for and pay all amounts due the other party, nor shall it prejudice the rights of either party to collect all such amounts due from the other party. 5.7 5.6 The Managing General Agent shall annually furnish to the Company the following summary information in such form as to enable the Company to record such information in its annual statement: (1) a. summaries, with data segregated by major classes, of net written premiumpremium written, gross loss paid, net salvage, subrogation and adjusting expenses paid during the year; and (2) b. details of in-force and unearned premium running twelve (12) months or less from the Policy policy inception date. 5.8 5.7 The Managing General Agent agrees to furnish to the Company with any additional reports necessary to provide the Company’s monthly, quarterly, quarterly and/or annual statements to regulatory authorities and rating agenciesincluding, including all required statistical but not limited to, TICO reporting. 5.9 If required by applicable law, annually on or before June 30, the Managing General Agent shall furnish to the Company audited financial statements of Bowhead Insurance Holdings LP, including consolidating schedules of the Profit and Loss and Balance Sheet Statements for Bowhead Insurance Holdings LP. 5.10 [RESERVED] 5.11 5.8 The Managing General Agent shall timely prepare for annually furnish the Company’s review and filing all reports, statements, documents and other filings related to Company current financial statements of the Policies, this Agreement and the Reinsurance Agreement required from time to time by governmental and regulatory agencies, or as otherwise required for compliance with applicable law. 5.12 The Managing General Agent Agent. These financial statements shall timely provide the Company with any data required by the OCIinclude, or otherwise required for compliance with applicable lawbut not be limited to, Profit and Loss, Balance Sheet and Cash Flow Statements. 5.13 The Managing General Agent shall return any unearned premium due insureds or other persons on the Subject Business from the Premium Escrow Account.

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: (1) Net written premium, net earned premium and net collected premium; (2) Policy and service fee revenue and Policy and service fees collected (if different); (3) Premium taxes on net written premium and Policy and service fees; (4) Reinsurance Agreement ceded commissions due to the Company; (5) Any regulatory assessments levied upon the Company; (6) Producer’s commissions; (7) MGA Commission; (8) Losses paid less recoveries and salvage; (9) Loss adjustment expenses paid; (10) Outstanding loss reserves (without XXXX); (11) Outstanding loss expense reserves (without IBNR), which shall be reported as zero; (12) Unearned premium reserve and earned premium; and (13) Reconciliation of Premium Escrow Accountpremium escrow account. There are no management fees to be reported. 5.2 During the term of the Reinsurance Agreement and to the extent contemplated thereby, the Managing General Agent shall remit the balance of the account (premium and fees minus commissions and other Managing General Agent and Producer compensation, losses and loss adjustment expenses), plus premium taxes and other regulatory assessments, directly to the Reinsurer net of the Company’s commission under the Reinsurance Agreement which shall be paid to the Company, within forty-five (45) days after the end of the calendar month for which the report is rendered. 5.3 In addition to the return of premium and fees, the Managing General Agent shall refund commissions on Policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained. 5.4 In the event a refund or discount is ordered by the OCI or other applicable regulatory authority, the Managing General Agent shall refund or discount at the same rate at which such commissions were originally retained. 5.5 The parties may, as mutually agreed, alter the frequency and/or content of the Managing General Agent’s report; provided, however, such report frequency and/or content meets minimum legal and regulatory requirements. 5.6 The omission of any item(s) from a monthly report shall not affect the responsibility of either party to account for and pay all amounts due the other party, nor shall it prejudice the rights of either party to collect all such amounts due from the other party. 5.7 The Managing General Agent shall annually furnish to the Company the following summary information in such form as to enable the Company to record such information in its annual statement: (1) summaries, with data segregated by major classes, of net written premium, gross loss paid, net salvage, subrogation and adjusting expenses paid during the year; and (2) unearned premium running twelve (12) months or less from the Policy inception date. 5.8 The Managing General Agent agrees to furnish to the Company any additional reports necessary to provide the Company’s monthly, quarterly, and/or annual statements to regulatory authorities and rating agencies, including all required statistical reporting. 5.9 If required by applicable law, annually on or before June 30, the Managing General Agent shall furnish to the Company audited financial statements of Bowhead Insurance Holdings LP, including consolidating schedules of the Profit and Loss and Balance Sheet Statements for Bowhead Insurance Holdings LP. 5.10 [RESERVED] 5.11 The Managing General Agent shall timely prepare for the Company’s review and filing all reports, statements, documents and other filings related to the Policies, this Agreement and the Reinsurance Agreement required from time to time by governmental and regulatory agencies, or as otherwise required for compliance with applicable law. 5.12 The Managing General Agent shall timely provide the Company with any data required by the OCI, or otherwise required for compliance with applicable law. 5.13 The Managing General Agent shall return any unearned premium due insureds or other persons on the Subject Business from the Premium Escrow Account.

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: (1) Net written premium, net earned premium and net collected premium; (2) Policy and service fee revenue and Policy and service fees collected (if different); (3) Premium taxes on net written premium and Policy and service fees; (4) Reinsurance Agreement ceded commissions due to the Company; (5) Any regulatory assessments levied upon the Company; (6) Producer’s commissions; (7) MGA Commission; (8) Losses paid less recoveries and salvage; (9) Loss adjustment expenses paid; (10) Outstanding loss reserves (without XXXX); (11) Outstanding loss expense reserves (without IBNR), which shall be reported as zero; (12) Unearned premium reserve and earned premium; and (13) Reconciliation of Premium Escrow Account. There are no management fees to be reported. 5.2 1. During the term of the Reinsurance Agreement and to the extent contemplated thereby, the Managing General Agent shall remit the balance of the account (premium and fees minus commissions and other Managing General Agent and Producer compensation, losses and loss adjustment expenses), plus premium taxes and other regulatory assessments, directly to the Reinsurer net of the Company’s commission under the Reinsurance Agreement which shall be paid to the Company, within forty-five (45) days after the end of the calendar month for which the report is rendered. 5.3 In addition to the return of premium and fees, the Managing General Agent shall refund commissions on Policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained. 5.4 In the event a refund or discount is ordered by the OCI Illinois Department or other applicable regulatory authority, the Managing General Agent shall refund or discount at the same rate at which such commissions were originally retained. 5.5 The parties may, as mutually agreed, alter the frequency and/or content of the Managing General Agent’s report; provided, however, such report frequency and/or content meets minimum legal and regulatory requirements. 5.6 The omission of any item(s) from a monthly report shall not affect the responsibility of either party to account for and pay all amounts due the other party, nor shall it prejudice the rights of either party to collect all such amounts due from the other party. 5.7 The Managing General Agent shall annually furnish to the Company the following summary information in such form as to enable the Company to record such information in its annual statement: (1) summaries, with data segregated by major classes, of net written premium, gross loss paid, net salvage, subrogation and adjusting expenses paid during the year; and (2) unearned premium running twelve (12) months or less from the Policy inception date. 5.8 The Managing General Agent agrees to furnish to the Company any additional reports necessary to provide the Company’s monthly, quarterly, and/or annual statements to regulatory authorities and rating agencies, including all required statistical reporting. 5.9 If required by applicable law, annually on or before June 30, the Managing General Agent shall furnish to the Company audited financial statements of Bowhead Insurance Holdings LP, including consolidating schedules of the Profit and Loss and Balance Sheet Statements for Bowhead Insurance Holdings LP. 5.10 [RESERVED] 5.11 The Managing General Agent shall timely prepare for the Company’s review and filing all reports, statements, documents and other filings related to the Policies, this Agreement and the Reinsurance Agreement required from time to time by governmental and regulatory agencies, or as otherwise required for compliance with applicable law. 5.12 The Managing General Agent shall timely provide the Company with any data required by the OCIIllinois Department, or otherwise required for compliance with applicable law. 5.13 The Managing General Agent shall return any unearned premium due insureds or other persons on the Subject Business from the Premium Escrow Account.

MANAGING GENERAL AGENT’S REPORTS AND REMITTANCES. 5.1 The Managing General Agent shall submit a report to the Company, within forty-five thirty (4530) days after the end close of business each calendar month, summarizing the business transacted under this Agreement during such the prior 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: (1) Net a. gross premiums written premium, net earned premium less returns and net collected premium; (2) Policy and service fee revenue and Policy and service fees collected (if different); (3) Premium taxes on net written premium and Policy and service fees; (4) Reinsurance Agreement ceded commissions due to the Company; (5) Any regulatory assessments levied upon the Company; (6) Producer’s cancellations; x. Xxxnt's commissions; (7) MGA Commission; (8) Losses ; c. losses paid less recoveries and salvage; (9) Loss ; d. loss adjustment expenses paid; (10) Outstanding ; e. outstanding loss reserves (without XXXX); (11) Outstanding reserves; f. outstanding loss expense reserves (without IBNR), which shall be reported as zero; (12) Unearned reserves; g. losses incurred but not reported; h. unearned premium reserve reserve; and i. earned premium; and (13) Reconciliation of Premium Escrow Account. There are no management fees to be reported. 5.2 During the term of the Reinsurance Agreement and to the extent contemplated thereby, the The Managing General Agent shall remit the balance of the account (premium and fees minus commissions and other Managing General Agent and Producer compensation, losses and loss adjustment expenses), plus premium taxes and other regulatory assessments, all amounts due directly to the Reinsurer net of the Company’s commission under the Reinsurance Agreement which shall be paid to the Company, Company within forty-five (45) days after the end close of the calendar month for which the report account is rendered. 5.3 In addition to the return of premium and feespremium, the Managing General Agent shall refund commissions on Policy policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained. 5.4 In the event a refund or discount is ordered by the OCI or other applicable regulatory authority, the Managing General Agent shall refund or discount at the same rate at which such commissions were originally retained. 5.5 The parties Company may, as mutually agreedat its sole option, reasonably alter the frequency and/or content of the Managing General Agent’s 's report; provided, however, such report frequency and/or content meets minimum legal and regulatory requirementsis made no less frequently than monthly. 5.6 5.5 The omission of any item(s) from a monthly report statement shall not affect the responsibility of either party to account for and pay all amounts due the other party, nor shall it prejudice the rights of either party to collect all such amounts due from the other party. 5.7 5.6 The Managing General Agent shall annually furnish to the Company the following summary information in such form as to enable the Company to record such information in its annual statement: (1) a. summaries, with data segregated by major classes, of net written premiumpremium written, gross loss paid, net salvage, subrogation and adjusting expenses paid during the year; and (2) and b. details of in-force and unearned premium running twelve (12) months or less from the Policy policy inception date. 5.8 5.7 The Managing General Agent agrees to furnish to the Company with any additional reports necessary to provide the Company’s 's monthly, quarterly, quarterly and/or annual statements to regulatory authorities and rating agenciesincluding, including all required but not limited to, TICO or ISO statistical reporting. 5.9 If required by applicable law, annually on or before June 30, the Managing General Agent shall furnish to the Company audited financial statements of Bowhead Insurance Holdings LP, including consolidating schedules of the Profit and Loss and Balance Sheet Statements for Bowhead Insurance Holdings LP. 5.10 [RESERVED] 5.11 5.8 The Managing General Agent shall timely prepare for annually furnish the Company’s review and filing all reports, statements, documents and other filings related to Company current financial statements of the Policies, this Agreement and the Reinsurance Agreement required from time to time by governmental and regulatory agencies, or as otherwise required for compliance with applicable law. 5.12 The Managing General Agent Agent. These financial statements shall timely provide the Company with any data required by the OCIinclude, or otherwise required for compliance with applicable lawbut not be limited to, Profit and Loss, Balance Sheet and Cash Flow Statements. 5.13 The Managing General Agent shall return any unearned premium due insureds or other persons on the Subject Business from the Premium Escrow Account.

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: (1) Net written premium, net earned premium and net collected premium; (2) Policy and service fee revenue and Policy and service fees collected (if different); (3) Premium taxes on net written premium and Policy and service fees; (4) Reinsurance Agreement ceded commissions due to the Company; (5) Any regulatory assessments levied upon the Company; (6) Producer’s commissions; (7) MGA Commission; (8) Losses paid less recoveries and salvage; (9) Loss adjustment expenses paid; (10) Outstanding loss reserves (without XXXX); (11) Outstanding loss expense reserves (without IBNR), which shall be reported as zero; (12) Unearned premium reserve and earned premium; and (13) Reconciliation of Premium Escrow Accountpremium escrow account. There are no management fees to be reported. 5.2 During the term of the Reinsurance Agreement and to the extent contemplated thereby, the Managing General Agent shall remit the balance of the account (premium and fees minus commissions and other Managing General Agent and Producer compensation, losses and loss adjustment expenses), plus premium taxes and other regulatory assessments, directly to the Reinsurer net of the Company’s commission under the Reinsurance Agreement which shall be paid to the Company, within forty-five (45) days after the end of the calendar month for which the report is rendered. 5.3 In addition to the return of premium and fees, the Managing General Agent shall refund commissions on Policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained. 5.4 In the event a refund or discount is ordered by the OCI Illinois Department or other applicable regulatory authority, the Managing General Agent shall refund or discount at the same rate at which such commissions were originally retained. 5.5 The parties may, as mutually agreed, alter the frequency and/or content of the Managing General Agent’s report; provided, however, such report frequency and/or content meets minimum legal and regulatory requirements. 5.6 The omission of any item(s) from a monthly report shall not affect the responsibility of either party to account for and pay all amounts due the other party, nor shall it prejudice the rights of either party to collect all such amounts due from the other party. 5.7 The Managing General Agent shall annually furnish to the Company the following summary information in such form as to enable the Company to record such information in its annual statement: (1) summaries, with data segregated by major classes, of net written premium, gross loss paid, net salvage, subrogation and adjusting expenses paid during the year; and (2) unearned premium running twelve (12) months or less from the Policy inception date. 5.8 The Managing General Agent agrees to furnish to the Company any additional reports necessary to provide the Company’s monthly, quarterly, and/or annual statements to regulatory authorities and rating agencies, including all required statistical reporting. 5.9 If required by applicable law, annually on or before June 30, the Managing General Agent shall furnish to the Company audited financial statements of Bowhead Insurance Holdings LP, including consolidating schedules of the Profit and Loss and Balance Sheet Statements for Bowhead Insurance Holdings LP. 5.10 [RESERVED] 5.11 The Managing General Agent shall timely prepare for the Company’s review and filing all reports, statements, documents and other filings related to the Policies, this Agreement and the Reinsurance Agreement required from time to time by governmental and regulatory agencies, or as otherwise required for compliance with applicable law. 5.12 The Managing General Agent shall timely provide the Company with any data required by the OCIIllinois Department, or otherwise required for compliance with applicable law. 5.13 The Managing General Agent shall return any unearned premium due insureds or other persons on the Subject Business from the Premium Escrow Account.

MANAGING GENERAL AGENT’S REPORTS AND REMITTANCES. 5.1 The Except as otherwise indicated below, the Managing General Agent shall submit a report to the Company, within forty-five thirty (4530) days after the end close of business each calendar month, summarizing the business transacted under this Agreement during such the prior 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: (1) Net a. gross premiums written premium, net earned premium and net collected premium; (2) Policy less returns and service fee revenue and Policy and service fees collected (if different); (3) Premium taxes on net written premium and Policy and service fees; (4) Reinsurance Agreement ceded commissions due to the Company; (5) Any regulatory assessments levied upon the Company; (6) Producer’s commissions; (7) MGA Commission; (8) Losses cancellatioxx; b. MGA's commission; c. losses paid less recoveries and salvage; (9) Loss ; d. loss adjustment expenses paid; (10) Outstanding ; e. outstanding loss reserves (without XXXX); (11) Outstanding reserves; f. outstanding loss expense reserves (without IBNR), which reserves; g. losses incurred but not reported - this information shall be reported as zero; (12) Unearned on a quarterly basis only, and shall be forwarded no later than the 30th day of the month following the quarter being accounted for; h. unearned premium reserve reserve; and i. earned premium; and (13) Reconciliation of Premium Escrow Account. There are no management fees to be reported. 5.2 During the term of the Reinsurance Agreement and to the extent contemplated thereby, the The Managing General Agent shall remit the balance of the account (premium all amounts collected and fees minus commissions and other Managing General Agent and Producer compensationpaid, losses and loss adjustment expenses), plus premium taxes and other regulatory assessmentswhich are due, directly to the Reinsurer net of the Company’s commission under the Reinsurance Agreement which shall be paid to the Company, Company within forty-five (45) days after the end close of the calendar month for which the report account is rendered. 5.3 In addition to the return of premium and feespremium, the Managing General Agent shall refund commissions on Policy policy cancellations, reductions in premiums or any other return premiums at the same rate at which such commissions were originally retained. 5.4 In the event a refund or discount is ordered by the OCI or other applicable regulatory authority, the Managing General Agent shall refund or discount at the same rate at which such commissions were originally retained. 5.5 The parties Company may, as mutually agreedat its sole option, reasonably alter the frequency and/or content of the Managing General Agent’s 's report; provided, however, such report frequency and/or content meets minimum legal and regulatory requirementsis made no less frequently than monthly. 5.6 5.5 The omission of any item(s) from a monthly report statement shall not affect the responsibility of either party to account for and pay all amounts due the other party, nor shall it prejudice the rights of either party to collect all such amounts due from the other party. 5.7 5.6 The Managing General Agent shall annually furnish to the Company the following summary information in such form as to enable the Company to record such information in its annual statement: (1) a. summaries, with data segregated by major classes, of net written premiumpremium written, gross loss paid, net salvage, subrogation and adjusting expenses paid during the year; and (2) b. details of in-force and unearned premium running twelve (12) months or less from the Policy policy inception date. 5.8 5.7 The Managing General Agent agrees to furnish to the Company with any additional reports necessary to provide the Company’s 's monthly, quarterly, quarterly and/or annual statements to regulatory authorities and rating agenciesincluding, including all required but not limited to, TICO statistical reporting. 5.9 If required by applicable law, annually on or before June 30, the Managing General Agent shall furnish to the Company audited financial statements of Bowhead Insurance Holdings LP, including consolidating schedules of the Profit and Loss and Balance Sheet Statements for Bowhead Insurance Holdings LP. 5.10 [RESERVED] 5.11 5.8 The Managing General Agent shall timely prepare for annually furnish the Company’s review and filing all reports, statements, documents and other filings related to Company current financial statements of the Policies, this Agreement and the Reinsurance Agreement required from time to time by governmental and regulatory agencies, or as otherwise required for compliance with applicable law. 5.12 The Managing General Agent These financial statements shall timely provide the Company with any data required by the OCIinclude, or otherwise required for compliance with applicable lawbut not be limited to, Profit and Lass, Balance Sheet and Cash Flow Statements. 5.13 The Managing General Agent shall return any unearned premium due insureds or other persons on the Subject Business from the Premium Escrow Account.