RESERVES AND TAXES. The Reinsurers shall maintain the required reserves as to the Reinsurers' portion of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers under this Agreement. If the Reinsurers are obligated to pay any premium taxes on this premium, the Company shall reimburse the Reinsurers; however, the Company shall not be required to pay taxes twice on the same premium.
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Samples: Reinsurance Agreement (Zenith National Insurance Corp), Reinsurance Agreement (Merchants Group Inc), Reinsurance Agreement (Penn America Group Inc)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer’s portion of unearned premium, if any, claims, losses, and adjustment expenseAdjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 3 contracts
Samples: Interests and Liabilities Agreement (Philadelphia Consolidated Holding Corp), Reinsurance Agreement (Philadelphia Consolidated Holding Corp), Excess of Loss Reinsurance Agreement (Philadelphia Consolidated Holding Corp)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 2 contracts
Samples: Reinsurance Agreement (Penn America Group Inc), Reinsurance Agreement (Penn America Group Inc)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, and adjustment expenseAllocated and Unallocated Loss Adjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 2 contracts
Samples: Adverse Development Agreement of Reinsurance (OneBeacon Insurance Group, Ltd.), Adverse Development Agreement of Reinsurance (White Mountains Insurance Group LTD)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' portion Reinsurer's portion~ of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
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RESERVES AND TAXES. The Reinsurers shall maintain the required such reserves as may be required with respect to the Reinsurers' portion of unearned premium, if any, claims, losses, losses and adjustment expense. The Company shall be liable for all premium taxes on premium premiums ceded to the Reinsurers under this Agreement. If the Reinsurers are obligated to pay any premium taxes on this premiumsuch premiums, the Company shall reimburse the Reinsurers; however, the Company shall not be required to pay taxes twice on the same premiumpremiums.
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RESERVES AND TAXES. The Reinsurers shall maintain the required reserves as to the Reinsurers' portion of unearned premium, if any, claims, losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers under this Agreement. If the Reinsurers are obligated to pay any premium taxes on this premium, the Company shall reimburse the Reinsurers; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Interests and Liabilities Agreement (Midwest Medical Insurance Holding Co)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, claims and losses, and adjustment expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Automobile Quota Share Reinsurance Agreement (Safe Auto Group, Inc.)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, claims and losses, and adjustment expense. The Company shall be liable for all premium taxes on premium business ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premiumbusiness, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Variable Quota Share Agreement of Reinsurance (Financial Pacific Insurance Group Inc)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required such reserves as may be required with respect to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, losses and adjustment expense. The Company shall be liable for all premium taxes on premium premiums ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premiumsuch premiums, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.premiums. GENERAL REINSURANCE CORPORATION
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RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer's portion of unearned premium, if any, claims, losses, and adjustment expenseAdjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers are Reinsurer is obligated to pay any premium taxes on this premium, the Company shall reimburse the ReinsurersReinsurer; however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Reinsurance Agreement (United Insurance Holdings Corp.)
RESERVES AND TAXES. The Reinsurers Reinsurer shall maintain the required reserves as to the Reinsurers' Reinsurer’s portion of unearned premium, if any, claims, losses, and adjustment expenseAdjustment Expense. The Company shall be liable for all premium taxes on premium ceded to the Reinsurers Reinsurer under this Agreement. If the Reinsurers Reinsurer are obligated to pay any premium taxes on this premium, the Company shall reimburse the Reinsurers; Reinsurer, however, the Company shall not be required to pay taxes twice on the same premium.
Appears in 1 contract
Samples: Property Excess of Loss Agreement of Reinsurance (Philadelphia Consolidated Holding Corp)