Common use of Payment of Reinsurance Premium Clause in Contracts

Payment of Reinsurance Premium. A. The reinsurance premiums shall be paid to BMA using the rates shown in Exhibit II. B. On issues ceded by individual cessions BMA shall send the CEDING COMPANY each month two copies of a statement listing first year and renewal reinsurance premiums less refunds and allowances which are due during the current month. C. On self-administered business the CEDING COMPANY shall provide the statement to BMA using the format described in Article III Self-Administered Business. D. If a net reinsurance premium balance is payable to BMA the CEDING COMPANY shall pay this balance within forty-five (45) days after the close of that month. If the full balance is not received within the forty-five (45) day period, the reinsurance premiums for reinsurance risks listed on the statement, for which payment was not received, shall be delinquent and the liability of BMA shall cease as of the date reinsurance premium were due. E. If a net reinsurance premium balance is payable to the CEDING COMPANY, BMA shall pay this net balance within forty-five (45) days after the monthly statement was sent to the CEDING COMPANY. If the monthly statement has not been returned within forty-five (45) days, BMA shall assume the CEDING COMPANY has verified and is in agreement with the net balance and shall make payment to the CEDING COMPANY.

Payment of Reinsurance Premium. A. The reinsurance premiums shall be paid to BMA using the rates shown in Exhibit II. B. On issues ceded by individual cessions BMA shall send the CEDING COMPANY each month two copies of a statement listing first year and renewal reinsurance premiums less refunds and allowances which are due during the current month. C. On self-administered business the CEDING COMPANY shall provide the statement to BMA using the format described in Article III Self-Self- Administered Business. D. If a net reinsurance premium balance is payable to BMA the CEDING COMPANY shall pay this balance within forty-five (45) days after the close of that month. If the full balance is not received within the forty-five (45) day period, the reinsurance premiums for reinsurance risks listed on the statement, for which payment was not received, shall be delinquent and the liability of BMA shall cease as of the date reinsurance premium were due. E. If a net reinsurance premium balance is payable to the CEDING COMPANY, BMA shall pay this net balance within forty-five (45) days after the monthly statement was sent to the CEDING COMPANY. If the monthly statement has not been returned within forty-five (45) days, BMA shall assume the CEDING COMPANY has verified and is in agreement with the net balance and shall make payment to the CEDING COMPANY.

Payment of Reinsurance Premium. A. The reinsurance premiums shall be paid to BMA using the rates shown in Exhibit II. B. On issues ceded by individual cessions BMA shall send the CEDING COMPANY each month two copies of a statement listing first year and renewal reinsurance premiums less refunds and allowances which are due during the current month. C. On self-administered business the CEDING COMPANY shall provide the statement to BMA using the format described in Article III Self-Self- Administered Business. D. If a net reinsurance premium balance is payable to BMA the CEDING COMPANY shall pay this balance within forty-five (45) days after the close of that month. If the full balance is not received within the forty-five (45) day period, the reinsurance premiums for reinsurance risks listed on the statement, for which payment was not received, shall be delinquent and the liability of BMA shall cease as of the date reinsurance premium were due. E. If a net reinsurance premium balance is payable to the CEDING COMPANY, BMA shall pay this net balance within forty-five (45) days after the monthly statement was sent to the CEDING COMPANY. If the monthly statement has not been returned within forty-five (45) days45)days, BMA shall assume the CEDING COMPANY has verified and is in agreement with the net balance and shall make payment to the CEDING COMPANY.

Payment of Reinsurance Premium. A. The reinsurance premiums shall be paid to BMA LINCOLN using the rates shown in Exhibits II and IIA, and applying the allowances (Exhibit IIIII) or, percentages of premium (Exhibit IIB), when applicable. B. On issues ceded by individual cessions BMA shall send the CEDING COMPANY each month two copies of a statement listing first year and renewal reinsurance premiums less refunds and allowances which are due during the current month. C. On self-administered business the CEDING COMPANY shall provide the statement to BMA LINCOLN using the format described in Article III III, Self-Administered Business. D. C. If a net reinsurance premium balance is payable to BMA LINCOLN the CEDING COMPANY shall pay this balance within forty-five (45) days after the close of that month. If the full balance is not received within the forty-five (45) day period, the reinsurance premiums for reinsurance risks listed on the statement, for which payment was not received, shall be delinquent and the liability of BMA LINCOLN shall cease as of the date reinsurance premium premiums were due. E. D. If a net reinsurance premium balance is payable to the CEDING COMPANY, BMA LINCOLN shall pay this net balance within forty-five (45) days after the monthly statement was sent to the CEDING COMPANY. If the monthly statement has not been returned within forty-five (45) days, BMA LINCOLN shall assume the CEDING COMPANY has verified and is in agreement with the net balance and shall make payment to the CEDING COMPANY.

Payment of Reinsurance Premium. A. The reinsurance premiums shall be paid to BMA COMPANY B using the rates shown in Exhibit IIII and IIA, and applying the allowances (Exhibit III) or, percentages of premium (Exhibit IIB), when applicable. B. On issues ceded by individual cessions BMA COMPANY B shall send the CEDING COMPANY each month two copies of a statement listing first year and renewal reinsurance premiums less refunds and allowances which are due during the current month. C. On self-administered business the CEDING COMPANY shall provide the statement to BMA COMPANY B using the format described in Article III III, Self-Administered Business. D. If a net reinsurance premium balance is payable to BMA COMPANY B the CEDING COMPANY shall pay this balance within forty-five (45) days after the close of that month. If the full balance is not received within the forty-five (45) day period, the reinsurance premiums for reinsurance risks listed on the statement, for which payment was not received, shall be delinquent and the liability of BMA COMPANY B shall cease as of the date reinsurance premium premiums were due. E. If a net reinsurance premium balance is payable to the CEDING COMPANY, BMA COMPANY B shall pay this net balance within forty-five (45) days after the monthly statement was sent to the CEDING COMPANY. If the monthly statement has not been returned within forty-five (45) days, BMA COMPANY B shall assume the CEDING COMPANY has verified and is in agreement with the net balance and shall make payment to the CEDING COMPANY.