Common use of REINSURANCE PREMIUM Clause in Contracts

REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.635% of its Net Earned Premium during the term of this Contract, subject to a minimum premium of $2,994,000. B. The Company shall pay the Reinsurer a deposit premium of $3,327,000 in four equal installments of $831,750 on April 1; July 1; October 1, 2008; and January 1, 2009. C. Within 90 days after the expiration of this Contract, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder, computed in accordance with paragraph A, and any additional premium due the Reinsurer or return premium due the Company shall be remitted promptly.

Appears in 2 contracts

Samples: Property Fourth Per Risk Excess of Loss Reinsurance Agreement, Reinsurance Agreement (Philadelphia Consolidated Holding Corp)

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REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.6351.26% of its Net Earned Premium during net earned premium for the term of this Contract, subject to a minimum premium of $2,994,000126,000. B. The Company shall pay the Reinsurer a deposit premium of $3,327,000 180,000 in four equal installments of $831,750 45,000 on April 1; July 1; 1 and October 1, 2008; 1999 and January 1 and April 1, 20092000. C. Within 90 60 days after the expiration of this Contract, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder, computed in accordance with paragraph A, and any additional premium due the Reinsurer or return premium due the Company shall be remitted promptly.

Appears in 1 contract

Samples: Excess Catastrophe Reinsurance Contract (Amwest Insurance Group Inc)

REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.6350.457% of its Net Earned Premium during gross earned premium for the term of this Contract, subject to a minimum premium of $2,994,000702,000. B. The Company shall pay the Reinsurer a deposit premium of $3,327,000 877,500 in four equal installments of $831,750 219,375 on April 1; July 1; October , September 1 and December 1 of 2004 and March 1, 2008; and January 1, 20092005. C. Within 90 45 days after the expiration of this Contract, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder, computed in accordance with paragraph A, and any additional premium due the Reinsurer or return premium due the Company shall be remitted promptly.

Appears in 1 contract

Samples: Underlying Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)

REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.6350.1908% of its Net Earned Premium during the term of this Contract, subject to a minimum premium of $2,994,0001,000,000. B. The Company shall pay the Reinsurer a deposit premium of $3,327,000 1,000,000 in four equal installments of $831,750 250,000 on April 1; July 1; October 1, 2008; and January 1, 2009. C. Within 90 days after the expiration of this Contract, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder, computed in accordance with paragraph A, and any additional premium due the Reinsurer or return premium due the Company shall be remitted promptly.

Appears in 1 contract

Samples: Reinsurance Agreement (Philadelphia Consolidated Holding Corp)

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REINSURANCE PREMIUM. A. As premium for the reinsurance provided hereunder, the Company shall pay the Reinsurer 0.635the greater of the following: 1. A minimum premium of $1,240,000; or 2. The sum of the following: a. 1. 856% of its Net Earned Premium the Company's gross earned premium for Condominium, Dwelling and Homeowners business during the term of this Contract, subject to a minimum ; and b. 2. 228% of the Company's gross earned premium for Manufactured Homeowners business during the term of $2,994,000this Contract. B. The Company shall pay the Reinsurer a deposit premium of $3,327,000 1,550,000, payable in four equal installments of $831,750 387,500 on April 1; July 1; October June 1, 2008; September 1 and January December 1 of 2004 and March 1, 20092005. C. Within 90 45 days after the expiration of this Contract, the Company shall provide a report to the Reinsurer setting forth the premium due hereunder, computed in accordance with paragraph A, and any additional premium due the Reinsurer or return premium due the Company shall be remitted promptly.

Appears in 1 contract

Samples: Reinsurance Contract (Philadelphia Consolidated Holding Corp)

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