Examples of Commercial Fund in a sentence
Any eligible crop insurance contract not specifically designated by the Company to the Assigned Risk Fund will automatically be assigned to the Commercial Fund by State.
If a policy does not require premium payment upon application, the Company shall make payment of all premium ceded to FCIC as proportional reinsurance under the Private Market and Commercial Funds, and any non- proportional reinsurance premium on eligible livestock insurance contracts designated to the Commercial Fund at the monthly accounting cut-off following the premium billing date contained in the Actuarial Data Master.
All eligible livestock price insurance contracts accepted by the UCM will be automatically designated to the Commercial Fund.
If a crop/plan was established into the Assigned Risk or the Developmental Fund, the crop/plan can be timely transferred to the Commercial Fund.
AGR/AGR-L - The Fund section will be used to designate for the crop/plan Assigned Risk, Developmental, or Commercial Fund.
Livestock - eDAS will generate initial fund data with fund designation flag set to „C‟ (Commercial Fund) when premium is accepted AIP may designate to Private Market Fund by resubmitting fund data with flag set to „P‟ within two Federal workdays after the acceptance date of premium (fund lockdown date).
The net book premium and associated liability for ultimate net losses not retained by the Company within the Commercial Fund for each State will be ceded to FCIC.
Any eligible crop insurance contracts designated by the Company to the Commercial Fund, or not designated by the Company to the Assigned Risk Fund or to a Developmental Fund, will be placed into one of three Commercial Funds as follows: Fund C CAT; Fund R Revenue insurance plans; or Fund B All other crop insurance plans.
Ceded to FCIC in either the Private Market Fund or Commercial Fund.
The Company shall pay to FCIC all premium ceded to FCIC as proportional reinsurance under the Private Market and Commercial Funds, and any non-proportional reinsurance premium on eligible livestock insurance contracts designated to the Commercial Fund at the first monthly settlement after the Company submits, and the UCM accepts, the eligible livestock price insurance contracts, and will be updated each month thereafter as needed.