Common use of REPORTS AND REMITTANCES Clause in Contracts

REPORTS AND REMITTANCES. A. Within 45 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded written premiums for the month; 2. Ceding commission on (1) above; 3. Ceded losses and loss adjustment expenses paid during the month; 4. Ceded unearned premiums as of the end of the month; 5. The ceded reserves for losses and loss adjustment expenses outstanding at the end of the month. The positive balance of (1) less (2) less (3) shall be remitted by the Company with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer to the Company as promptly as possible after receipt and verification of the Company's report. B. Quarterly, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.

REPORTS AND REMITTANCES. A. Within 45 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded written premiums for the month; 2. Ceding commission on (1) above; 3. Ceded losses and loss adjustment expenses paid during the month; 4. Ceded unearned premiums as of the end of the month; 5. The ceded reserves for losses and loss adjustment expenses outstanding at the end of the month. The positive balance of (1) less (2) less (3) shall be remitted by the Company with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer to the Company as promptly as possible and not to exceed 30 days after receipt and verification of the Company's report. B. Quarterly, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.

REPORTS AND REMITTANCES. A. Within 45 30 days after the end of each quarter, the Company shall report to the Reinsurer: 1. Net written premium for the quarter; 2. Ceded Net Earned Premium for the quarter; 3. Commission allowed on (2) above; 4. Ceded losses and loss adjustment expense paid during the quarter; The positive balance of (2) less (3) less (4) shall be remitted by the Company to the Reinsurer with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer within 10 days after receipt and verification of the Company’s report. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded written premiums a Premium Statement and a Loss Statement for the month; 2. Ceding commission subject month on (1) above; 3. Ceded losses and loss adjustment expenses paid during the month; 4. Ceded unearned premiums as of the end of the month; 5. The ceded reserves for losses and loss adjustment expenses outstanding at the end of the month. The positive balance of (1) less (2) less (3) shall be remitted by the Company with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer forms mutually acceptable to the Company as promptly as possible after receipt and verification of the Company's report. B. Quarterly, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.parties;

REPORTS AND REMITTANCES. A. Within 45 30 days after the end of each quarter, the Company shall report to the Reinsurer: 1. Net written premium for the quarter; 2. Ceded Net Earned Premium for the quarter; 3. Commission allowed on (2) above; 4. Ceded losses and loss adjustment expense paid during the quarter; The positive balance of (2) less (3) less (4) shall be remitted by the Company to the Reinsurer with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer within 10 days after receipt and verification of the Company's report. B. Within 30 days after the end of each month, the Company shall report to the Reinsurer: 1. Ceded written premiums a Premium Statement and a Loss Statement for the month; 2. Ceding commission subject month on (1) above; 3. Ceded losses and loss adjustment expenses paid during the month; 4. Ceded unearned premiums as of the end of the month; 5. The ceded reserves for losses and loss adjustment expenses outstanding at the end of the month. The positive balance of (1) less (2) less (3) shall be remitted by the Company with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer forms mutually acceptable to the Company as promptly as possible after receipt and verification of the Company's report. B. Quarterly, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.parties;

REPORTS AND REMITTANCES. A. Within 45 days after the end of each monthcontract quarter, the Company shall report to the Reinsurer: 1. Ceded net written premiums premium for the monthquarter; 2. Ceding commission on (1) aboveCommission thereon; 3. Ceded losses and loss adjustment expenses expense paid during the monthquarter (net of any recoveries during the month under the "cash call" provisions of Article VIII); 4. Ceded unearned premiums and ceded outstanding loss reserves as of the end of the month; 5. The ceded reserves for losses and loss adjustment expenses outstanding at the end of the monthquarter. The positive balance of (1) less (2) less (3) shall be remitted by the Company with its report. Any balance shown to be due the Company shall be remitted by the Reinsurer to the Company as promptly as possible after receipt and verification of the Company's report. B. QuarterlyAnnually, the Company shall furnish the Reinsurer with such information as the Reinsurer may require to complete its Annual Convention Statement.