Common use of REPORTS AND REMITTANCES Clause in Contracts

REPORTS AND REMITTANCES. A. As promptly as possible after the effective date of this Contract, the Company shall remit the Reinsurer's share of the unearned premium (less provisional commission thereon) applicable to subject business in force at the effective date of this Contract. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded net written premium during the month; 2. Provisional commission on (1) above; 3. Ceded losses and loss adjustment expense paid during the month (net of any recoveries during the month under the "cash call" provisions of the Claims and Loss Adjustment Expense Article); 4. The Reinsurer's share of salvage and subrogation; 5. Premium (including reinstatement premium) for reinsurance which inures to the benefit of this Contract; 6. Recoveries from reinsurance which inures to the benefit of this Contract; 7. Ceded unearned premiums and ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss reserves as established by the Company) as of the end of the month. The positive balance of (1) less (2) less (3) plus (4) less (5) plus (6) shall be remitted by the Company within 60 days after the end of the month of account. Any balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible (not exceeding 15 days, however) after receipt and verification of the Company's report. Furthermore, as respects subparagraph 3 above, the Company shall identify losses and loss adjustment expense by PCS catastrophe number, where applicable.

REPORTS AND REMITTANCES. A. As promptly as possible after the effective date of this Contract, the Company shall remit the Reinsurer's ’s share of the unearned premium (less provisional commission thereon) applicable to subject business in force at the effective date of this Contract. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded net written premium billed during the monthmonth on a non-installment basis; 2. Ceded net written premium during the month accounted for on an installment premium basis; 3. Down payments and the portion of ceded net written premium billed during the month as respects installment premiums; 4. Provisional commission on (1) and (3) above; 35. Ceded losses and loss adjustment expense paid during the month (net of any recoveries during the month under the "“cash call" ” provisions of the Claims and Loss Adjustment Expense Article); 46. The Reinsurer's ’s share of salvage and subrogation; 57. Premium (including reinstatement premium) for reinsurance which inures to the benefit of this Contract; 68. Recoveries from reinsurance which inures to the benefit of this Contract; 79. Ceded unearned premiums and ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss reserves as established by the Company) as of the end of the month. The positive balance of (1) less (2) less plus (3) plus less (4) less (5) plus (6) less (7) plus (8) shall be remitted by the Company within 60 days after the end of the month of account. Any balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible (not exceeding 15 days, however) after receipt and verification of the Company's ’s report. Furthermore, as respects subparagraph 3 5 above, the Company shall identify losses and loss adjustment expense by PCS catastrophe number, where applicable. C. Annually, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.

REPORTS AND REMITTANCES. A. As promptly as possible after the effective date of this Contract, the Company shall remit the Reinsurer's ’s share of the unearned premium (less provisional commission thereon) applicable to subject business in force at the effective date of this Contract. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded net written premium during the month; 2. Provisional commission on (1) above; 3. Ceded losses and loss adjustment expense paid during the month (net of any recoveries during the month under the "“cash call" ” provisions of the Claims and Loss Adjustment Expense Article); 4. The Reinsurer's ’s share of salvage and subrogation; 5. Premium (including reinstatement premium) for reinsurance which inures to the benefit of this Contract; 6. Recoveries from reinsurance which inures to the benefit of this Contract; 7. Ceded unearned premiums and ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss reserves as established by the Company) as of the end of the month. The positive balance of (1) less (2) less (3) plus (4) less (5) plus (6) shall be remitted by the Company within 60 days after the end of the month of account. Any balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible (not exceeding 15 days, however) after receipt and verification of the Company's ’s report. Furthermore, as respects subparagraph 3 above, the Company shall identify losses and loss adjustment expense by PCS catastrophe number, where applicable. C. Annually, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.

REPORTS AND REMITTANCES. A. As promptly as possible after the effective date of this Contract, the Company shall remit the Reinsurer's share of the unearned premium (less provisional commission thereon) applicable to subject business in force at the effective date of this Contract. B. Within 30 days after following the end of each month, the Company shall furnish the Reinsurer with a report to summarizing the Reinsurerfollowing: 1. Ceded net written premium ceded Gross Net Written Premium Income during the month; 2. Provisional ceded Gross Net Written Premium Income collected during the month; 3. ceding commission on (12) above; 34. Ceded losses ceded paid losses, Extra Contractual Obligations, Loss in Excess of Policy Limits and loss adjustment expense paid during assessments for the month (net of any recoveries during the month under in accordance with the "“cash call" ” provisions of the Claims and Loss Adjustment Expense Settlements Article); 4. The Reinsurer's share of salvage and subrogation; 5. ceded loss adjustment expense at 8% of ceded Gross Net Earned Premium (including reinstatement premium) Income for reinsurance which inures to the benefit of this Contractmonth; 6. Recoveries from reinsurance which inures ceded paid Legal Defense Costs ascribed to this Contract during the benefit month, not to exceed 2% of Gross Net Earned Premium Income subject to this Contract; 7. Ceded the Reinsurer’s share of subrogation, salvage or other recoveries; 8. ceded unearned premiums and premium as of the end of the month, and; 9. ceded outstanding loss and loss, Legal Defense Costs, loss adjustment expense expense, Extra Contractual Obligations, Loss in Excess of Policy Limits and assessment reserves (including incurred but not reported loss reserves as established by the Companyreserves) as of the end of the month. The positive balance of (1) less due shall be equal to (2) less (3) plus ), and less (4) ), less (5) ), less (6), plus (6) 7). Any positive balance shown to be due the Reinsurer shall be remitted by the Company within 60 days after the end of the month of account. Any negative balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible (not exceeding 15 days, however) after receipt and verification of the Company's ’s report. Furthermore, as respects subparagraph 3 abovenot to exceed 15 days. B. Additionally, the Company shall identify losses and loss adjustment expense by PCS catastrophe number, where applicablefurnish the Reinsurer with such information as the Reinsurer may require completing its financial statements.

REPORTS AND REMITTANCES. A. As promptly as possible after the effective date of this Contract, the Company shall remit the Reinsurer's share of the unearned premium (less provisional commission thereon) applicable to subject business in force at the effective date of this Contract. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded net subject written premium during the month; 2. Provisional commission Commission on (1) above; 3. Ceded losses and loss adjustment expense paid during the month (net of any recoveries during the month under the "cash call" provisions of the Claims and Loss Adjustment Expense Article); 4. The Reinsurer's share of salvage and subrogation; 5. Premium (including reinstatement premium) for reinsurance which inures to the benefit of this Contract; 6. Recoveries from reinsurance which inures to the benefit of this Contract; 7. Ceded unearned premiums and ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss reserves as established by the Company) as of the end of the month. The positive balance of (1) less (2) less (3) plus (4) less (5) plus (6) shall be remitted by the Company within 60 days after the end of the month of account. Any balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible (not exceeding 15 days, however) after receipt and verification of the Company's report. Furthermore, as respects subparagraph 3 above, the Company shall identify losses and loss adjustment expense by PCS catastrophe number, where applicable.

REPORTS AND REMITTANCES. A. As promptly as possible after the effective date At inception or upon execution, whichever is later, of this Contract, the Company shall remit report to the Reinsurer's share of Reinsurer the ceded unearned premium (less provisional commission thereonnet of inuring reinsurance as set forth in Article VI) applicable with respect to subject business in force at as of the effective date of the Contract. The Company shall remit payment of this Contractamount, less Ceding Commission, with the report. B. Within 30 20 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded net written premium during Net Written Premium for the month; 2. Provisional commission on (1) abovethereon; 3. Ceded Net Earned Premium for the month; 4. Ceded losses and loss adjustment expense paid during the month month, segregated by losses assigned a catastrophe number by PCS (net of any recoveries during the month under the "“cash call" ” provisions of the Claims and Article X), Loss Adjustment Expense Article); 4. The Reinsurer's share of salvage Expense, Shock Losses, Mold losses and subrogation;all other losses; and 5. Premium (including reinstatement premium) for reinsurance which inures to the benefit of this Contract; 6. Recoveries from reinsurance which inures to the benefit of this Contract; 7. Ceded unearned premiums and case outstanding reserves for ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss reserves as established by the Company) losses as of the end of the month. . C. The positive balance of (1B1) less (2B2) less (3) plus (4) less (5) plus (6B4) shall be remitted by the Company within 60 days after the end of the month of accountwith its report. Any balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible (not exceeding within 15 days, however) days after receipt and verification of the Company's ’s report. Furthermore, as respects subparagraph 3 above, the . D. The Company shall identify losses and loss adjustment expense by PCS catastrophe number, where applicablefurnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement. E. Reports shall follow the format shown in Schedule A attached to this contract.

REPORTS AND REMITTANCES. A. As promptly as possible after the effective date of this Contract, the Company shall remit the Reinsurer's ’s share of the unearned premium (less provisional commission thereon) applicable to subject business in force at the effective date of this Contract. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded net written premium during the month; 2. Provisional commission Commission on (1) above; 3. Ceded losses and loss adjustment expense paid during the month (net of any recoveries during the month under the "“cash call" ” provisions of the Claims and Loss Adjustment Expense Article); 4. The Reinsurer's ’s share of salvage and subrogation; 5. Premium (including reinstatement premium) for reinsurance which inures to the benefit of this Contract; 6. Recoveries from reinsurance which inures to the benefit of this Contract; 7. Ceded unearned premiums and ceded outstanding loss and loss adjustment expense reserves (including incurred but not reported loss reserves as established by the Company) as of the end of the month. The positive balance of (1) less (2) less (3) plus (4) less (5) plus (6) shall be remitted by the Company within 60 days after the end of the month of account. Any balance shown to be due the Company shall be remitted by the Reinsurer as promptly as possible (not exceeding 15 days, however) after receipt and verification of the Company's ’s report. Furthermore, as respects subparagraph 3 above, the Company shall identify losses and loss adjustment expense by PCS catastrophe number, where applicable. C. Annually, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.