ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations, including judicial interpretation and policy reformation, and to the same modifications and alterations as the respective policies of the Company. The Reinsurer shall be credited with its exact proportion of the original premiums received by the Company, prior to disbursement of any dividends, but after deduction of premiums, if any, ceded by the Company for inuring reinsurance. B. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 10 contracts
Samples: Reinsurance Contract (Homeowners of America Holding Corp), Reinsurance Contract (Homeowners of America Holding Corp), Reinsurance Contract (Homeowners of America Holding Corp)
ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers conditions and interpretations, including judicial interpretation and policy reformationwaivers, and to the same modifications and alterations as the respective policies of the Company. The Reinsurer shall be credited with its exact proportion of the original premiums received written by the Company, whether collectible or not, prior to disbursement of any dividends, but after deduction of premiums, if any, ceded by the Company for inuring reinsurance.
B. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 7 contracts
Samples: Crop Hail Quota Share Reinsurance Contract (Symons International Group Inc), Quota Share Reinsurance Contract (Procentury Corp), Quota Share Reinsurance Contract (Procentury Corp)
ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations, including judicial interpretation and policy reformation, interpretations and to the same modifications and alterations as the respective policies of the Company. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract. The Reinsurer shall be credited with its exact proportion of the original gross premiums received by the Company, prior to including disbursement of any dividends, but after deduction of dividends and return premiums, if any, ceded by the Company for inuring reinsurance.
B. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 1 contract
Samples: Workers' Compensation Quota Share Reinsurance Contract (Superior National Insurance Group Inc)
ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretationswaivers, including judicial interpretation and policy reformationmodifications, and to the same modifications interpretations and alterations as the respective policies of the Company. The Reinsurer shall be credited with its exact proportion applicable amount of the original premiums received by the Company, prior to disbursement of any dividends, but after deduction of premiums, if any, ceded by the Company for inuring reinsuranceall other reinsurances.
B. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 1 contract
Samples: Aggregate Stop Loss Reinsurance Contract (Ismie Holdings Inc)
ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers conditions and interpretations, including judicial interpretation and policy reformationwaivers, and to the same modifications and alterations as the respective policies of the Company. The Reinsurer shall be credited with its exact proportion of the original premiums received collected by the Company, prior to disbursement of any dividends, but after deduction of premiums, if any, ceded by the Company for inuring reinsurance.
B. Nothing Except as provided in Article IX, nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 1 contract
Samples: Property Quota Share Reinsurance Contract (Financial Pacific Insurance Group Inc)
ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations, including judicial interpretation and policy reformation, and to the same modifications and alterations as the respective policies Policies of the Company. The Reinsurer shall be credited with its exact proportion of the original premiums received by the Company, prior to disbursement of any dividends, but after deduction of premiums, if any, ceded by the Company for inuring reinsurance.
B. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 1 contract
ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations, including judicial interpretation and policy reformation, and to the same modifications and alterations as the respective policies of the Company. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract. The Reinsurer shall be credited with its exact proportion of the original premiums net earned premium received by the Company, prior to disbursement of any dividends, but after deduction of premiums, if any, ceded by the Company for inuring reinsurance.
B. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 1 contract
Samples: Workers’ Compensation Quota Share Reinsurance Contract (Patriot Risk Management, Inc.)
ORIGINAL CONDITIONS. A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations, including judicial interpretation and policy reformation, and to the same modifications and alterations as the respective policies of the Company. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract. The Reinsurer shall be credited with its exact proportion of the original premiums net unearned premium received by the Company, prior to disbursement of any dividends, but after deduction of premiums, if any, ceded by the Company for inuring reinsurance.
B. Nothing herein shall in any manner create any obligations or establish any rights against the Reinsurer in favor of any third party or any persons not parties to this Contract.
Appears in 1 contract
Samples: Workers’ Compensation Quota Share Reinsurance Contract (Patriot Risk Management, Inc.)