Common use of Payment of Producer Clause in Contracts

Payment of Producer. Payments due Producers under Producer Agreements that are in force with respect to the Coinsured Policies as of the Coinsurance Effective Date, for the account of the Company out of premium collected under the Coinsured Policies as provided at Section 4.3 of the Coinsurance Agreement.

Payment of Producer. Payments due Producers under Producer Agreements that are in force with respect to the Coinsured Policies as of the Coinsurance Effective Date, for the account of the Company Reinsurer out of premium collected under the Coinsured Policies Policies, in accordance with Section 2.4 of this Agreement, and as provided at Section 4.3 of the Coinsurance Agreement.