Common use of REINSURANCE PREMIUM AND CEDING COMMISSION Clause in Contracts

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, 2010 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.

Appears in 1 contract

Samples: Business Travel Accident Quota Share Reinsurance Agreement (Prudential Variable Contract Account Gi-2)

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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, 2010 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.

Appears in 1 contract

Samples: Business Travel Accident Quota Share Reinsurance Agreement (Prudential Variable Contract Account Gi-2)

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, 2010 2008 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 27.525% 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.

Appears in 1 contract

Samples: Business Travel Accident Quota Share Reinsurance Agreement (Prudential Variable Contract Account Gi-2)

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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 November 1, 2010 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 Exhibits B, C, D, E and/or C F 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.

Appears in 1 contract

Samples: Reinsurance Agreement (Prudential Variable Contract Account Gi-2)

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