Common use of Reinsurer's Payment Obligations Clause in Contracts

Reinsurer's Payment Obligations. Reinsurer agrees to reimburse, or pay on behalf of, Cedent the following: (a) (i) any and all state and local premium, surplus lines, unauthorized insurance or other similar taxes imposed on premiums written, collected or received, as applicable under the law of the applicable jurisdiction, on or after the Effective Date relating to the Reinsured Contracts; (ii) any and all guaranty fund or other residual market assessments incurred by Cedent with respect to premiums relating to the Reinsured Contracts and the Reinsured Liabilities; and (iii) any and all state or local Taxes imposed on Cedent in connection with the performance of the parties' obligations pursuant to any of the Ancillary Agreements, to the extent that such obligations relate to the Reinsured Contracts; (b) producer compensation paid by the Cedent to the extent based on premiums arising from the Reinsured Contracts; (c) any and all amounts actually paid by Cedent, other than by Administrator on Cedent's behalf under the Landmark Administrative Services Agreement, relating to the Reinsured Contracts which are Reinsured Liabilities; and (d) dividends actually paid to Policyholders by Cedent at the request of Reinsurer.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Alleghany Corp /De)

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Reinsurer's Payment Obligations. Reinsurer agrees to reimburse, or pay on behalf of, Cedent the following: (a) (i) any and all state and local premium, surplus lines, unauthorized insurance or other similar taxes imposed on premiums written, collected or received, as applicable under the law of the applicable jurisdiction, on or after the Effective Date relating to the Reinsured Contracts; (ii) any and all guaranty fund or other residual market assessments incurred by Cedent with respect to premiums relating to the Reinsured Contracts and the Reinsured Liabilities; and (iii) any and all state or local Taxes imposed on Cedent in connection with the performance of the parties' obligations pursuant to any of the Ancillary Agreements, to the extent that such obligations relate to the Reinsured Contracts; (b) producer compensation paid by the Cedent to the extent based on premiums arising from the Reinsured Contracts; (c) any and all amounts actually paid by Cedent, other than by Administrator on Cedent's behalf under the Landmark RSLIC Administrative Services Agreement, relating to the Reinsured Contracts which are Reinsured Liabilities; and (d) dividends actually paid to Policyholders by Cedent at the request of Reinsurer.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Alleghany Corp /De)

Reinsurer's Payment Obligations. Reinsurer agrees to reimburse, or pay on behalf of, Cedent the following: (a) (i) any and all state and local premium, surplus lines, unauthorized insurance or other similar taxes imposed on premiums written, collected or received, as applicable under the law of the applicable jurisdiction, on or after the Effective Date relating to the Reinsured Contracts; (ii) any and all guaranty fund or other residual market assessments incurred by Cedent with respect to premiums relating to the Reinsured Contracts and the Reinsured Liabilities; and (iii) any and all state or local Taxes imposed on Cedent in connection with the performance of the parties' obligations pursuant to any of the Ancillary Agreements, to the extent that such obligations relate to the Reinsured Contracts; (b) producer compensation paid by the Cedent to the extent based on premiums arising from the Reinsured Contracts; (c) any and all amounts actually paid by Cedent, other than by Administrator on Cedent's behalf under the Landmark RIC Administrative Services Agreement, relating to the Reinsured Contracts which are Reinsured Liabilities; and (d) dividends actually paid to Policyholders by Cedent at the request of Reinsurer.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Alleghany Corp /De)

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Reinsurer's Payment Obligations. Reinsurer agrees to reimburse, or pay on behalf of, Cedent the following: (a) (i) any and all state and local premium, surplus lines, unauthorized insurance or other similar taxes imposed on premiums written, collected or received, as applicable under the law of the applicable jurisdiction, on or after the Effective Closing Date relating to the Reinsured Contracts; (ii) any and all guaranty fund or other residual market assessments incurred by Cedent with respect to premiums relating to the Reinsured Contracts and the Reinsured Liabilities; and (iii) any and all state or local Taxes imposed on Cedent in connection with the performance of the parties' obligations pursuant to any of the Ancillary Agreements, to the extent that such obligations relate to the Reinsured Contracts;. (b) producer compensation paid by the Cedent to the extent based on premiums arising from the Reinsured Contracts; (c) any and all amounts actually paid by Cedent, other than by Reinsurer as Administrator on Cedent's behalf under the Landmark RIC (Landmark) Administrative Services Agreement, relating to the Reinsured Contracts which are Reinsured Liabilities; and (d) dividends actually paid to Policyholders by Cedent at the request of Reinsurer.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (Alleghany Corp /De)

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