Common use of Reserve Reporting Clause in Contracts

Reserve Reporting. The Ceding Company shall provide a reserve summary for the Policies reinsured under this Agreement to the Reinsurer within fifteen (15) days of the end of each quarter. Upon request, the Ceding Company will provide a detailed description of its statutory valuation basis as filed with the Ceding Company’s statutory annual statement. The Ceding Company will calculate reserves based on the unearned premium. The amount of reserves held by the Reinsurer for business under this Agreement will be equal to the Reinsurer’s proportionate share of the reserve credit taken by the Ceding Company for the same Risks. The Reinsurer will hold reinsurance reserves in accordance with all applicable laws and regulations that the Reinsurer deems controlling.

Reserve Reporting. The Ceding Company shall provide a reserve summary for the Policies reinsured under this Agreement to the Reinsurer within fifteen (15) days of the end of each quarter. Upon request, the Ceding Company will provide a detailed description of its statutory valuation basis as filed with the Ceding Company’s statutory annual statement. The Ceding Company will calculate reserves based on the unearned premium. The amount of reserves held by the Reinsurer for business under this Agreement will be equal to the Reinsurer’s proportionate share of the reserve credit taken by the Ceding Company for the same Risks. The Reinsurer will hold reinsurance reserves in accordance with all applicable laws and regulations that the Reinsurer deems controlling.

Reserve Reporting. The Ceding Company shall provide a reserve summary for the Policies reinsured under this Agreement to the Reinsurer within fifteen (15) days of the end of each quarter. Upon request, the Ceding Company will provide a detailed description of its statutory valuation basis as filed with the Ceding Company’s statutory annual statement. The Ceding Company will calculate reserves based on the unearned premium. The amount of reserves held by the Reinsurer for business under this Agreement will be equal to the Reinsurer’s proportionate responsible for calculating and establishing statutory reserves on its share of the business in accordance with the Standard Valuation Law. The Reinsurer’s reserve credit taken by calculations may differ from those of the Ceding Company for the same RisksCompany. The Reinsurer will hold establish reinsurance reserves in accordance with all applicable laws and regulations that the Reinsurer deems controlling.

Reserve Reporting. The Ceding Company shall provide a reserve summary for the Reinsured Policies reinsured under this Agreement to the Reinsurer within fifteen (15) days of the end of each quarter. Upon request, the Ceding Company will provide a detailed description of its statutory valuation basis as filed with the Ceding Company’s statutory annual statement. The Ceding Company will calculate all reserves credits based on the unearned premium. The amount of reserves held by Ceding Company and the Reinsurer for business under will mutually agree to amend this Agreement will be equal to when the Reinsurer’s proportionate share of the statutory reserve credit taken by method changes or when the Ceding Company for the same Risksadopts a new reserve method, whichever comes first. The Reinsurer will hold reinsurance reserves in accordance with all applicable laws and regulations that the Reinsurer deems controlling.