Recurring Reinsurance Premiums Sample Clauses

Recurring Reinsurance Premiums. “Recurring Reinsurance Premiums” for a given Accounting Period means reinsurance premiums equal to the difference between (a) and (b), where: (a) is the sum of (i) Cedent’s direct term premiums, including policy fees, additional substandard premiums, flat extra amounts and modal loadings, payable to Cedent with respect to the Direct Policies and with respect to such Accounting Period, each appropriately adjusted by Reinsurer’s Share, and then reduced by 100% of any premiums payable by Cedent in respect of Excess Reinsurance for Direct Policies for such Accounting Period, plus (ii) Assumed Policy Premiums with respect to such Accounting Period, reduced by 100% of any premiums payable by Cedent or GLIC in respect of Excess Reinsurance for Assumed Policies for such Accounting Period; and (b) equals all refunds of unearned premiums for such Accounting Period as a result of the termination of any Reinsured Policies, whether due to lapse or death. The premium rates from which the Recurring Reinsurance Premiums are calculated are those set forth in Exhibit VII.
Sample 1
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Recurring Reinsurance Premiums. As additional consideration for the reinsurance provided herein, Cedent shall pay to Reinsurer the Recurring Reinsurance Premiums in accordance with Section 1 of Article VIII.
Sample 1

Related to Recurring Reinsurance Premiums

  • Reinsurance Premiums A. Computation Reinsurance Premiums under this Agreement shall be calculated as described in Exhibit I.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • REINSURANCE PREMIUM A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:

  • Insurance Premiums Tenant shall pay or cause to be paid all premiums for the insurance coverage required to be maintained pursuant to Article 9.

  • Forced-Placed Insurance Premiums No contract relating to any Receivable has had forced-placed insurance premiums added to the amount financed.

  • Insurance Costs Any and all insurance charges of or relating to all insurance policies and endorsements deemed by Landlord to be reasonably necessary or desirable and relating in any manner to the protection, preservation, or operation of the Building or any part thereof.

  • Increase in Insurance Premiums If an increase in any insurance premiums paid by Landlord for the Building is caused by Tenant's use of the Premises or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as additional rent the amount of such increase to Landlord.

  • Premiums The premiums for insurance policies required pursuant to this Article must be paid as a common expense by the Owners' Association.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • Insurance Contracts To the extent that any Welfare Plan is funded through the purchase of an insurance contract or is subject to any stop loss contract, the Parties shall cooperate and use their commercially reasonable efforts to replicate such insurance contracts for SpinCo or Parent as applicable (except to the extent that changes are required under applicable Law or filings by the respective insurers) and to maintain any pricing discounts or other preferential terms for both Parent and SpinCo for a reasonable term. Neither Party shall be liable for failure to obtain such insurance contracts, pricing discounts, or other preferential terms for the other Party. Each Party shall be responsible for any additional premiums, charges, or administrative fees that such Party may incur pursuant to this Section 7.06.

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