RATE AND PREMIUM. The Company shall pay to the Subscribing Reinsurer a premium calculated by applying to the Subject Earned Premium income of the Company and the Legal Entities for all classes of Business Covered, as stated in Article I — Business Covered, a rate of 0.264% for the Agency Markets Group and the Wausau Business Group as defined in Article I — Business Covered, except as excluded in Article II — Exclusions of this Contract.
RATE AND PREMIUM. A. As premium for the reinsurance coverage provided by this Agreement, the Company shall pay the Reinsurer the product of the following:
RATE AND PREMIUM. The Company will pay the Reinsurers 1.25% of the Direct Earned Premium on the policies at the inception of this Addendum, or written or renewed with an effective date thereafter. The Company will be subject to a minimum premium of $3,450,000 and will pay a deposit premium of $4,312,500 on estimated Direct Earned Premium of $345,000,000 for the period January 1, 1998 to January 1, 2001 as follows: January 31, 1998 $359,375 April 1, 1998 $359,375 July 1, 1998 $359,375 October 1, 1998 $359,375 January 1, 1999 $359,375 April 1, 1998 $359,375 July 1, 1999 $359,375 October 1, 1998 $359,375 January 1, 2000 $359,375 April 1, 2000 $359,375 -26- July 1, 2000 $359,375 October 1, 2000 $359,375
RATE AND PREMIUM. As premium for the reinsurance provided hereunder, the Reinsured shall pay the Reinsurer 1.06% of its Subject Earned Manual Premium for the term of this Contract, subject to a minimum premium of USD 685,000. The Reinsured shall pay the Reinsurer a deposit premium of USD 740,000 in four equal installments of USD 185,000 within 30 days of the 1st January 2007, 1st April 2007, 1st July 2007 and 1st October 2007. Within 45 days after the expiration of this Agreement, the Reinsured shall calculate and report to the Reinsured the adjusted premium, based on the Reinsured’s Subject Earned Manual Premium for the term of this Agreement computed in accordance with the first paragraph, and any additional premium due the Reinsurer or return premium due the Reinsured shall be remitted promptly.
RATE AND PREMIUM. For the term of this Agreement, there will be a minimum and deposit premium hereon of $128,000, payable in equal quarterly installments of $32,000 on January 1, 1998, April 1, 1998, July 1, 1998 and October 1, 1998. At Agreement expiration, the Company will adjust the minimum and deposit premium against a rate of 1.25% of its applicable net earned premium.
RATE AND PREMIUM. 24 REINSTATEMENT...................................................25 EXHIBIT D - FOURTH LAYER....................................................26
RATE AND PREMIUM. As premium for the reinsurance provided hereunder, the Reinsured shall pay the Reinsurer 1.06% of its Subject Earned Manual Premium for the term of this Contract, subject to a minimum premium of USD 685,000. The Reinsured shall pay the Reinsurer a deposit premium of USD 740,000 in four equal installments of USD 185,000 within 30 days of the 1st January 2007, 1st April 2007, 1st July 2007 and 1st October 2007. Within 45 days after the expiration of this Agreement, the Reinsured shall calculate and report to the Reinsured the adjusted premium, based on the Reinsured’s Subject Earned Manual Premium for the term of this Agreement computed in accordance with the first paragraph, and any additional premium due the Reinsurer or return premium due the Reinsured shall be remitted promptly. ARTICLE IX — REINSTATEMENT Each claim hereon reduces the amount of indemnity under this Agreement from the time of occurrence of the loss but such amount is hereby reinstated from the time of occurrence of the loss in consideration of the payment by the Reinsured of an additional premium calculated by applying to the Premium hereon, the percentage of the face amount of this Contract so reinstated. Nevertheless, the Reinsurer’s
RATE AND PREMIUM. The Company will pay, as a condition for coverage, the following reinsurance premium. A "Minimum Deposit Premium" of $___,___ will be payable in six equal installments of $__,___.__, in advance, on July 1, 2008, October 1, 2008, January 1, 2009, April 1, 2009, July 1, 2009, and October 1, 2009. Within 90 days following Agreement expiration, the Company will compute and report to the Reinsurer a "Final Premium" which will be based upon calculating the Mean In-Force Net Retained Volume at a rate of $0.___ per $1,000 of Net Volume. If the Final Premium exceeds the amount of the Minimum Deposit Premium, the Company will pay the difference at the time it makes the report to the Reinsurer.
RATE AND PREMIUM. A. The Company will pay the Reinsurer 2.00% of the Direct Earned Premium on all in force, new and renewal policies written for the period January 1, 1999 to January 1, 2000, and 3.0% of the Direct Earned Premium on all in force, new and renewal policies written on and after January 1, 2000. The Company will be subject to the following premium for each of the Agreement Years: Minimum Deposit Premium January 1, 1999 Agreement Year $ 1,600,000 $ 2,000,000 January 1, 2000 Agreement Year $ 2,592,000 $ 3,240,000 January 1, 2001 Agreement year $ 3,360,000 $ 4,200,000 The Deposit Premium is payable in equal quarterly installments on January 31st, April 30th, July 31st and October 31st of each Agreement year.
RATE AND PREMIUM. The Company will cede to the Reinsurer a premium of one percent (1.0%) of its net earned premium on all policies covered by this Agreement. Net earned premium shall be defined as all direct premium written by the Company, whether voluntary or involuntary and net of premiums returned as the result of cancellations and endorsements, plus all reinsurance assumed by the Company, adjusted for the change in unearned premiums associated with such direct or assumed premiums written for the period covered by this Agreement. Net earned premium shall also be reduced by certain reinsurance ceded on earned premium as provided in Article VI, below.
