Permanent Flat Extra Premiums Clause Samples
Permanent Flat Extra Premiums. SAFECO agrees to pay Lincoln a permanent flat extra premium equal to the product of the flat extra premium assigned by SAFECO or Lincoln on the Policy times the Reinsurance Amount minus an allowance of [***] for the first year such premium is payable and [***] for all renewal years such premium is payable.
Permanent Flat Extra Premiums. Ceding Company shall pay Reinsurer their share of the premium charged the insured with allowances of X percent (X%) in the first year and X percent (X%) thereafter.
Permanent Flat Extra Premiums. Farm Bureau agrees to pay Lincoln's Proportionate Share of any permanent flat extra premium paid calculated on the initial Reinsured Net Amount at Risk minus an allowance of seventy-five percent (75%) for the first year such premium is payable and ten percent (10%) for all renewal years such premium is payable.