REINSURANCE PREMIUM AND CEDING COMMISSION. In consideration of the reinsurance provided by the Reinsurer under this Agreement, the Reinsured shall pay to the Reinsurer its quota share participation in all Premiums received by the Reinsured in connection with the Subject Business which shall be payable to the Reinsurer in cash in accordance with ARTICLE XIII. The only deduction allowable from the Reinsurer’s quota share participation in the Premiums shall be a [***]% ceding commission payable by the Reinsurer to the Reinsured (the “Ceding Commission”).
REINSURANCE PREMIUM AND CEDING COMMISSION. The Company will cede to the Reinsurers their proportionate share of the gross earned premium on all policies in force as of May 1, 2013, or written with effective dates during the term of this Agreement, less the premium for reinsurance that inures to the benefit of this Agreement, and less the ceding commission set forth below. "Gross earned premium" as used in this Agreement will mean the gross earned premium of the Company for the classes of business reinsured hereunder as specified in the Coverage Article. Gross earned premium for this Exhibit A will not include amounts paid to reinsurers for risks ceded under Exhibits B, C, D, E and/or F and will not include premium for inuring facultative reinsurance. The Reinsurers will allow the Company a flat ceding commission of 20% on the gross earned premium ceded. The commission will include premium taxes of all kinds (with the exception of Federal Excise Tax, if applicable), local board assessments, and all other expenses and charges whatsoever based on the premium for business ceded under this Exhibit A. Additionally, as respects the Lockheed Mxxxxx account, there will be a flat premium hereon of $66,667, payable during the period extending from May 1, 2013 through December 31, 2013, both days inclusive. REPORTS AND REMITTANCES Within 30 days after the close of each quarter, the Company will furnish the Reinsurers with a report consistent with the sample Cession Statement attached to this Agreement as Attachment A. The report will summarize the gross net earned premium received by the Company, premium ceded less return premium and commission, reinsurance cost, losses paid, loss expense paid, monies recovered, the net balance due either party and such other information as may be required by the Reinsurers for completion of their National Association of Insurance Commissioners interim and/or annual statements. The net balance will be paid within 15 days of the report being sent.
REINSURANCE PREMIUM AND CEDING COMMISSION. The Company will cede to the Reinsurers their proportionate share of the gross earned premium on all policies in force as of July 1, 2009 or written with effective dates during the term of this Agreement, less the premium for reinsurance that inures to the benefit of this Agreement, and less the ceding commission set forth below. "Gross earned premium" as used in this Agreement will mean the gross earned premium of the Company for the classes of business reinsured hereunder as specified in the Coverage Article. Gross earned premium for this Exhibit A will not include amounts paid to reinsurers for risks ceded under Exhibit B and/or C and will not include premium for inuring facultative reinsurance. The Reinsurers will allow the Company a flat ceding commission of 27.5% on the gross earned premium ceded. The commission will include premium taxes of all kinds (with the exception of Federal Excise Tax, if applicable), local board assessments, and all other expenses and charges whatsoever based on the premium for business ceded under this Exhibit A.
REINSURANCE PREMIUM AND CEDING COMMISSION. A. The Company will cede to the Reinsurers their proportionate share of the gross earned premium on all policies in force as of 12:01 a.m. local standard time on May 1, 2019, or written with effective dates during the term of this Contract, less the premium for reinsurance that inures to the benefit of this Contract, and less the ceding commission set forth below.
REINSURANCE PREMIUM AND CEDING COMMISSION. A. On or before June 1, 2000, the Company shall pay to the Reinsurer 100% of its unearned premium reserve, the Initial Premium, in respect of the Company's liabilities set forth in the BUSINESS REINSURED article of this Agreement as at 12:01 a.m., Eastern Standard Time, January 1, 2000, less 5% retained as ceding commission in accordance with Article 8.C.
REINSURANCE PREMIUM AND CEDING COMMISSION. The Retrocedent shall cede to the Retrocessionaires their proportionate share of the original premium on all original contracts written or renewed with an effective date on or after the inception of this Agreement for the business described in the Coverage Article, less the ceding commission set forth below. The Retrocessionaires shall allow the Retrocedent a 3% flat ceding commission in addition to any commissions being paid under the original contracts reinsured hereunder.
REINSURANCE PREMIUM AND CEDING COMMISSION. The Company will cede to the Reinsurer its proportionate share of the net written premium on all policies written or renewed with an effective date on or after the inception of this Agreement, plus its proportionate share of unearned premium reserve on policies in force at the inception of this Agreement, less ceding commission as set forth below. The Reinsurer will allow the Company a flat ceding commission based on the net written premium plus, for the first year of this agreement only, the unearned premium reserve as agreed, both prior to any reinsurance cession hereunder, produced by DVM Insurance Agency, Inc. and written through the Company for the prior twelve (12) month period. Said commission to be as follows: Direct Written Premium Commission Rate Up to $8,000,000 38.5 % $8,000,001 to $15,000,000 37.5 % $15,000,001 to $25,000,000 36.5 % $25,000,001 and over 36.0 % This table shall be applied to the business written in each calendar year commencing at January 1 and ending December 31, and shall be adjusted to the appropriate commission rate each January 1 for the subsequent year. The commission will include taxes of all kinds, local board assessments, and all other expenses and charges whatsoever based on the premium for business ceded under this Agreement. ARTICLE VII
REINSURANCE PREMIUM AND CEDING COMMISSION previously amended by Addendum 1, will be amended by the addition of a third paragraph: The Reinsurer will return to the Company its proportionate share of unearned premium reserve on policies in force at January 1, 2001, less ceding commission. The Company will then cede to the Reinsurer, in accordance to the Coverage Article as amended by Addendum 2, its proportionate share of the unearned premium reserve, less ceding commission. All other terms and conditions of this agreement shall remain unchanged. SCOTTSDALE INSURANCE COMPANY Signed at Scottsdale, AZ on this 30th day of November, 2001. Signature: /s/ XXXXXX X. XXXX Attest: /s/ XXXXX X. XXXXX Title: Director of Reinsurance VETERINARY PET INSURANCE COMPANY Signed at Brea, CA on this 31st day of December, 2001. Signature: /s/ XXXX X. XXXXXXXX Attest: /s/ XXXX XXXXX Title: President PROPOSED ADDENDUM 3 attaching to and forming a part of QUOTA SHARE REINSURANCE J-98-R1 BETWEEN SCOTTSDALE INSURANCE COMPANY (hereinafter called the "Company") and VETERINARY PET INSURANCE COMPANY (hereinafter call the "Reinsurer") It is hereby mutually understood and agreed that, as respects business in force, written or renewed with an effective date on or after 12:01 a.m. January 1, 2003, the following changes will be made to the captioned Agreement:
REINSURANCE PREMIUM AND CEDING COMMISSION. ARTICLE The COMPANY will cede to the REINSURER the REINSURER'S quota share percentage (as specified for such REINSURER in the Interests And Liabilities Agreement attaching to and forming a part of this AGREEMENT) of the NET SUBJECT WRITTEN PREMIUM on all POLICIES written or RENEWED with an effective date on or after the effective date of this AGREEMENT, less a flat ceding commission on the NET SUBJECT WRITTEN PREMIUM ceded as follows:
REINSURANCE PREMIUM AND CEDING COMMISSION. The Company will cede to the Reinsurers their proportionate share of the gross earned premium on all policies in force as of May 1, 2014, or written with effective dates during the term of this Agreement, less the premium for reinsurance that inures to the benefit of this Agreement, and less the ceding commission set forth below. "Gross earned premium" as used in this Agreement will mean the gross earned premium of the Company for the classes of business reinsured hereunder as specified in the Coverage Article including any allocated premium as determined by the Company. Gross earned premium for this Exhibit A will not include amounts paid to reinsurers for risks ceded under Exhibits B, C, D, E and/or F and will not include premium for inuring facultative reinsurance. The Reinsurers will allow the Company a flat ceding commission of up to 20% on the gross earned premium ceded. The commission will include premium taxes of all kinds (with the exception of Federal Excise Tax, if applicable), local board assessments, and all other expenses and charges whatsoever based on the premium for business ceded under this Exhibit A.
