PROFIT COMMISSION. Reinsured shall be paid a profit commission by the Reinsurer in an amount equal to any profit resulting from this Agreement from a [***]% or better combined ratio during any calendar year period (the “Profit Commission”) (i.e., the Reinsurer shall retain a margin of [***]% (the “Reinsurer’s Margin”)). Payment to the Reinsured of the Profit Commission shall be made in accordance with ARTICLE XIII.
Appears in 2 contracts
Samples: Quota Share Reinsurance Agreement (Oscar Health, Inc.), Quota Share Reinsurance Agreement (Oscar Health, Inc.)
PROFIT COMMISSION. Reinsured shall be paid a profit commission by the Reinsurer in an amount equal to any profit resulting from this Agreement from a [***]% or better ] combined ratio during any calendar year period (the “Profit Commission”) (i.e., the Reinsurer shall retain a margin of [***]% (the “Reinsurer’s Margin”)). Payment to the Reinsured of the Profit Commission shall be made in accordance with ARTICLE XIII.
Appears in 1 contract
Samples: Quota Share Reinsurance Agreement (Oscar Health, Inc.)
PROFIT COMMISSION. Reinsured shall be paid a profit commission by the Reinsurer in an amount equal to any profit resulting from this Agreement from a [***]% or better ] combined ratio during any calendar year period (the “Profit Commission”) (i.e., the Reinsurer shall retain a margin of [***]% (the ““ Reinsurer’s Margin”)). Payment to the Reinsured of the Profit Commission shall be made in accordance with ARTICLE XIII.
Appears in 1 contract
Samples: Quota Share Reinsurance Agreement (Oscar Health, Inc.)
