Common use of Subject Premium Clause in Contracts

Subject Premium. This term shall mean the Company's premium for the business reinsured under this Exhibit, other than the Company's premium for personal automobile liability, personal automobile uninsured motorists, personal automobile personal injury protection, after deduction of the premium paid for reinsurance which inures to the benefit of this Exhibit.

Appears in 2 contracts

Samples: The Agreement (Penn America Group Inc), The Agreement (Penn America Group Inc)

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Subject Premium. This term shall mean the Company's premium for the business reinsured under this Exhibit, other than the Company's premium for personal automobile liability, personal automobile uninsured motorists, personal automobile personal injury protection, after deduction of the premium paid for reinsurance which inures to the benefit of this Exhibit.

Appears in 1 contract

Samples: The Agreement (Penn America Group Inc)

Subject Premium. This term shall mean the Company's premium for the business reinsured under this Exhibit, other than the Company's premium for personal automobile liability, personal automobile uninsured motorists, personal automobile personal injury protection, after deduction of the premium paid for reinsurance which inures to the benefit of this Exhibit. For purposes of this Exhibit, subject premium for businessowners shall be deemed to be 40% of the total policy premium.

Appears in 1 contract

Samples: The Agreement (Penn America Group Inc)

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Subject Premium. This term shall mean the Company's premium for the business reinsured under this Exhibit, other than the Company's premium for personal automobile liability, personal automobile uninsured motorists, personal automobile personal injury protection, Exhibit after deduction of the premium paid for reinsurance which inures to the benefit of this Exhibit.

Appears in 1 contract

Samples: The Agreement (Penn America Group Inc)

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