Common use of PREMIUM COLLECTION AND PAYMENT OF LOSSES Clause in Contracts

PREMIUM COLLECTION AND PAYMENT OF LOSSES. As of the effective date of this Agreement and pursuant to the terms of the 2005 Management Agreement and the 2000 Midwest Management Agreement, all as amended from time to time, State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield hereby authorize and empower State Auto Mutual to collect and receive all premiums and to take charge of, adjust and administer the payment of all losses with respect to any and all contracts and policies of insurance previously or thereafter issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield and to reinsure or terminate all such contracts and policies, and in all respects to act as though said contracts and policies were issued by State Auto Mutual. State Auto Mutual agrees to administer the payment of all losses and loss adjustment expenses in connection with such contracts and policies. None of the foregoing is intended to affect or impair the direct obligation of State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield, to their insureds under policies issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield respectively.

Appears in 1 contract

Samples: Reinsurance Pooling Agreement (State Auto Financial CORP)

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PREMIUM COLLECTION AND PAYMENT OF LOSSES. As of the effective date of this Agreement and pursuant to the terms of the 2005 Management Agreement, the 2000 Midwest Management Agreement, the Litchfield Management Agreement and the 2000 Midwest Patrons Fire Management Agreement, all as amended from time to time, State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield hereby authorize and empower State Auto Mutual to collect and receive all premiums and to take charge of, adjust and administer the payment of all losses with respect to any and all contracts and policies of insurance previously or thereafter issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield and to reinsure or terminate all such contracts and policies, and in all respects to act as though said contracts and policies were issued by State Auto Mutual. State Auto Mutual agrees to administer the payment of all losses and loss adjustment expenses in connection with such contracts and policies. None of the foregoing is intended to affect or impair the direct obligation of State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield, to their insureds under policies issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons and Litchfield respectively.

Appears in 1 contract

Samples: Reinsurance Pooling Agreement (State Auto Financial CORP)

PREMIUM COLLECTION AND PAYMENT OF LOSSES. As of the effective date of this Agreement and pursuant to the terms of the 2005 Management Agreement and the 2000 Midwest Management Agreement, all as amended from time to time, State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons Patrons, Xxxxxxxxxx, XXX, PIC, ACIC and Litchfield BCIC hereby authorize and empower State Auto Mutual to collect and receive all premiums and to take charge of, adjust and administer the payment of all losses with respect to any and all contracts and policies of insurance previously or thereafter issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons Patrons, Xxxxxxxxxx, XXX, PIC, ACIC and Litchfield BCIC and to reinsure or terminate all such contracts and policies, and in all respects to act as though said contracts and policies were issued by State Auto Mutual. State Auto Mutual agrees to administer the payment of all losses and loss adjustment expenses in connection with such contracts and policies. None of the foregoing is intended to affect or impair the direct obligation of State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons Patrons, Xxxxxxxxxx, XXX, PIC, ACIC and Litchfield, BCIC to their insureds under policies issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Meridian Citizens Mutual, Beacon, Patrons Patrons, Xxxxxxxxxx, XXX, PIC, ACIC and Litchfield BCIC, respectively.

Appears in 1 contract

Samples: Reinsurance Pooling Agreement (State Auto Financial CORP)

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PREMIUM COLLECTION AND PAYMENT OF LOSSES. As of the effective date of this Agreement and pursuant to the terms of the 2005 2000 Management Agreement and Agreement, as amended from time to time, the 2000 Midwest Management Agreement, all as amended from time to time, the 2000 Farmers Casualty Management Agreement, as amended from time to time, the 2002 Management Services Agreement, the 2002 Cost Sharing Agreement, as amended from time to time, and the 2003 Cost Allocation Agreement, as amended from time to time, State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, and Meridian Citizens Mutual, Beacon, Patrons and Litchfield Mutual hereby authorize and empower State Auto Mutual to collect and receive all premiums and to take charge of, adjust and administer the payment of all losses with respect to any and all contracts and policies of insurance previously or thereafter issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Security and Meridian Citizens Mutual, Beacon, Patrons and Litchfield and to reinsure or terminate all such contracts and policies, and in all respects to act as though said contracts and policies were issued by State Auto Mutual. State Auto Mutual agrees to administer the payment of all losses and loss adjustment expenses in connection with such contracts and policies. None of the foregoing is intended to affect or impair the direct obligation of State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Security and Meridian Citizens Mutual, Beacon, Patrons and Litchfield, Mutual to their insureds under policies issued by State Auto P&C, Milbank, SA WI, Farmers Casualty, SA OH, SAN, SA FL, Meridian Security, Security and Meridian Citizens Mutual, Beacon, Patrons and Litchfield respectively.

Appears in 1 contract

Samples: Reinsurance Pooling Agreement (State Auto Financial Corp)

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