Common use of Reports and Accounting Clause in Contracts

Reports and Accounting. For business effective prior to 2002: Within 45 days after the end of each calendar quarter, the company shall furnish an account statement to the Reinsurer, for their share on the Business Covered including the following: 1. Written premium-credit 2. Commission-debit 3. Net losses (including allocated loss adjustment expenses) paid by the company-debit 4. Reserve for outstanding losses including incurred but not reported (including allocated loss adjustment expenses).

Appears in 4 contracts

Samples: Quota Share Reinsurance Agreement (Goran Capital Inc), Quota Share Reinsurance Agreement (Symons International Group Inc), Quota Share Reinsurance Agreement (Symons International Group Inc)

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Reports and Accounting. For business effective prior to 2002, however, excluding business in-force on December 31st, 2001: Within 45 days after the end of each calendar quarter, the company shall furnish an account statement to the Reinsurer, for their share on the Business Covered including the following: 1. Written premiumpremiums-credit 2. Commission-debit 3. Net losses (including allocated loss adjustment expenses) paid by the company-company - debit 4. Reserve for outstanding losses including incurred but not reported (including allocated loss adjustment expenses).

Appears in 4 contracts

Samples: Quota Share Reinsurance Agreement (Goran Capital Inc), Quota Share Reinsurance Agreement (Goran Capital Inc), Quota Share Reinsurance Agreement (Symons International Group Inc)

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