Unearned Premium Reserves and Premiums. (i) As full premium for the Included Existing Contracts ceded under this Agreement, the Ceding Companies shall transfer to the Reinsurer (A) all of the Unearned Premium Reserves held by the Company relating to such ceded business, net of Ceding Commission, and (B) all Premiums collected by or on behalf of the Ceding Companies on account of the Included Existing Contracts on or after the date hereof, to the extent unearned as of the date hereof.
Appears in 4 contracts
Samples: Share Reinsurance Agreement (National General Holdings Corp.), Share Reinsurance Agreement (Amtrust Financial Services, Inc.), Share Reinsurance Agreement (Tower Group International, Ltd.)
