Common use of Meridian Citizens Mutual Clause in Contracts

Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, 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)

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Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, due or that may become due, as evidenced by its books and records at the close of business on December 31, 20102004, not including investments, accrued investment income, intercompany balances and bank deposits.

Appears in 1 contract

Samples: Reinsurance Pooling Agreement (State Auto Financial Corp)

Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, 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)

Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Meridian Citizens Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens State Auto Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of Meridian Citizens Mutual assumed by State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h2(i) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Meridian Citizens Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, Meridian Citizens Mutual due or that may become due, 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)

Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Meridian Citizens Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens State Auto Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of Meridian Citizens Mutual assumed by State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h2(h) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Meridian Citizens Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, Meridian Citizens Mutual due or that may become due, due as evidenced by its books and records at the close of business on December 31, 20102004, not including investments, accrued investment income, intercompany balances and bank deposits.

Appears in 1 contract

Samples: Reinsurance Pooling Agreement (State Auto Financial Corp)

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Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Meridian Citizens Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens State Auto Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of Meridian Citizens Mutual assumed by State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h2(h) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Meridian Citizens Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, Meridian Citizens Mutual due or that may become due, 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)

Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Meridian Citizens Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens State Auto Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of Meridian Citizens Mutual assumed by State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h2(h) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Meridian Citizens Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, Meridian Citizens 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)

Meridian Citizens Mutual. In consideration of the agreements herein contained, State Auto Mutual hereby agrees that there has been or will be assigned and transferred to Meridian Citizens Mutual an amount, in cash or other assets, equal to the aggregate of all liabilities of State Auto Mutual assumed by Meridian Citizens Mutual under paragraph 4(h4(i) 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 Meridian Citizens Mutual by State Auto Mutual all of the right, title and interest of State Auto Mutual in and to all assets relative to the underwriting operations of State Auto Mutual, 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)

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