REINSURANCE PREMIUM REPORTS AND REMITTANCES. The monthly reinsurance premium due the Reinsurer for reinsurance provided under this Agreement shall be as set forth in the section entitled REINSURANCE PREMIUM of each Exhibit attached hereto. The Reinsurer’s proportionate share of the Gross Collected Premium shall equal the fixed proportion percentage as indicated in Section 4 of each Exhibit. Within 60 days after the end of each month, the Company shall report the premium due the Reinsurer, segregated by Exhibit and by Agreement Year. The premium due the Reinsurer shall be submitted with this report.
REINSURANCE PREMIUM REPORTS AND REMITTANCES. The Company shall pay to the Reinsurers the deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM in two equal installments of $144,000 each on or before January 1, 1996 and July 1, 1996. On or before the beginning of each calendar quarter, the Company shall render to the Reinsurers a report of the portion, if any, of the minimum and deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM due for such quarter. Within 60 days after the expiration of this Agreement, the Company shall render to the Reinsurers a report of the Company's subject net written premium during the term of the Agreement. The Company shall calculate the reinsurance premium thereon, shall balance such amount against the deposit reinsurance premium previously paid, and the amount due either party, subject to the minimum reinsurance premium, shall be remitted within 60 days.
REINSURANCE PREMIUM REPORTS AND REMITTANCES. The Company shall pay to the Reinsurers the deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM in equal quarterly installments of $242,975 each on or before each on or before September 1, 1996, December 1, 1996, March 1, 1997 and June 1, 1997. HCI REFERENCE DNC [LOGO] Within 60 days after the expiration of this Agreement, the Company shall render to the Reinsurers a report of the Company's subject net earned premium during the term of the Agreement. The Company shall calculate the reinsurance premium thereon, shall balance such amount against the deposit reinsurance premium previously paid, and the amount due either party, subject to the minimum reinsurance premium, shall be remitted within 60 days.
REINSURANCE PREMIUM REPORTS AND REMITTANCES. On a quarterly basis, the Company shall pay to the Reinsurer its quota share of the premium collected for the business covered herein. In addition, the Company shall report to the Reinsurer all premiums that are due but not yet collected. Within 15 days following the end of each quarter, the Company will supply the Reinsurer with a report showing all premium collected as well as all premium due.
REINSURANCE PREMIUM REPORTS AND REMITTANCES. A. As deposit premium for the reinsurance provided by this Agreement, the Company shall pay the Reinsurer an annual deposit premium of $51,150 by September 30, 2018.
B. The reinsurance rate(s) herein shall be as outlined in the attached Appendix A. Within 45 days after the cancellation or expiration of this Agreement, the Company shall render to the Reinsurer a statement of the actual Members written during the term of this Agreement, as well as a calculation of the premium due hereunder computed by the Company in accordance with Appendix A. Any additional premium due the Reinsurer shall be forwarded to the Reinsurer with the statement.
C. Payment by the Reinsurer of its proportion of loss and expense paid by the Company will be made by the Reinsurer to the Company promptly after proof of payment by the Company and coverage hereunder is received by the Reinsurer.
D. The Company shall also provide any other information as may be required by the Reinsurer for completion of the Reinsurer’s NAIC financial statements.
REINSURANCE PREMIUM REPORTS AND REMITTANCES. The Company shall pay to the Reinsurers the deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM in two equal installments of $108,000 each on or before January 1, 1996 and July 1, 1996. HCI REFERENCE DMD On or before the beginning of each calendar quarter, the Company shall render to the Reinsurers a report of the portion, if any, of the minimum and deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM due for such quarter. Within 60 days after the expiration of this Agreement, the Company shall render to the Reinsurers a report of the Company's subject net written premium during the term of the Agreement. The Company shall calculate the reinsurance premium thereon, shall balance such amount against the deposit reinsurance premium previously paid, and the amount due either party, subject to the minimum reinsurance premium, shall be remitted within 60 days. Effective: January 1, 1996 EXHIBIT B Attached to and made a part of HCI Agreement No. 390 Property Catastrophe Excess of Loss Reinsurance Agreement SECOND EXCESS OF LOSS REINSURANCE (Catastrophe) of Property Business
REINSURANCE PREMIUM REPORTS AND REMITTANCES. The Company shall pay to the Reinsurers the deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM in equal quarterly installments of $133,000 each on or before the beginning of each calendar quarter during the term of this Agreement. Within 60 days after the expiration of this Agreement, the Company shall render to the Reinsurers a report of the Company's subject net earned premium during the term of the Agreement. The Company shall calculate the reinsurance premium thereon, shall balance such amount against the deposit reinsurance premium previously paid, and the amount due either party, subject to the minimum reinsurance premium, shall be remitted within 60 days.
REINSURANCE PREMIUM REPORTS AND REMITTANCES. The Company shall pay to the Reinsurers the deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM in equal quarterly installments of $165,000 each on or before the beginning of each calendar quarter during the term of this Agreement. Within 60 days after the expiration of this Agreement, the Company shall render to the Reinsurers a report of the Company's subject net earned premium during the term of the
REINSURANCE PREMIUM REPORTS AND REMITTANCES. The Company shall pay to the Reinsurers the deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM in equal quarterly installments of $187,000 each on or before the beginning of each calendar quarter during the term of this Agreement. Within 60 days after the expiration of this Agreement, the Company shall render to the Reinsurers a report of the Company's subject net earned premium during the term of the Agreement. The Company shall calculate the reinsurance premium thereon, shall balance such amount against the deposit reinsurance premium previously paid, and the amount due either party, subject to the minimum reinsurance premium, shall be remitted within 60 days. NUCLEAR INCIDENT EXCLUSION CLAUSE - PHYSICAL DAMAGE - REINSURANCE - USA
(1) This Agreement does not cover any loss or liability accruing to the Company directly or indirectly and whether as Insurer or Reinsurer, from any Pool of Insurers or Reinsurers formed for the purpose of covering Atomic or Nuclear Energy risks.
(2) Without in any way restricting the operation of paragraph (1) of this Clause, this Agreement does not cover any loss or liability accruing to the Company, directly or indirectly and whether as Insurer or Reinsurer, from any insurance against Physical Damage (including business interruption or consequential loss arising out of such Physical Damage) to:
(i) Nuclear reactor power plants including all auxiliary property on the site, or
(ii) Any other nuclear reactor installation, including laboratories handling radioactive materials in connection with reactor installations, and "critical facilities" as such, or
(iii) Installations for fabricating complete fuel elements or for processing substantial quantities of "special nuclear material", and for reprocessing, salvaging, chemically separating, storing or disposing of "spent" nuclear fuel or waste materials, or
(iv) Installations other than those listed in paragraph (2) (iii) above using substantial quantities of radioactive isotopes or other products of nuclear fission.
(3) Without in any way restricting the operations of paragraphs (1) and (2) hereof, this Agreement does not cover any loss or liability by radioactive contamination accruing to the Company, directly or indirectly, and whether as Insurer or Reinsurer, from any insurance on property which is on the same site as a nuclear reactor power plant or other nuclear installation and which normally would be insured therewith except that this paragra...
REINSURANCE PREMIUM REPORTS AND REMITTANCES. The Company shall pay to the Reinsurers the deposit reinsurance premium stipulated in the section entitled REINSURANCE PREMIUM in equal quarterly installments of $403,600 each on or before each on or before September 1, 1996, December 1, 1996, March 1, 1997 and June 1, 1997. Within 60 days after the expiration of this Agreement, the Company shall render to the Reinsurers a report of the Company's subject net earned premium during the term of the Agreement. The Company shall calculate the reinsurance premium thereon, shall balance such amount against the deposit reinsurance premium previously paid, and the amount due either party, subject to the minimum reinsurance premium, shall be remitted within 60 days. HCI REFERENCE DNB [LOGO] Effective: September 1, 1996 EXHIBIT B Attached to and made a part of HCI Agreement No. 420 PROPERTY CATASTROPHE EXCESS OF LOSS REINSURANCE AGREEMENT SECOND EXCESS OF LOSS REINSURANCE (CATASTROPHE) of PROPERTY BUSINESS _______________________________________________________________________________