Initial Ceding Commission shall have the meaning specified in Section 4.1.
Initial Ceding Commission means an amount equal to $950,000, payable from the Reinsurer to the Ceding Company pursuant to Section 5.01.
Initial Ceding Commission means $45,000,000.
Examples of Initial Ceding Commission in a sentence
The Net Retained Liabilities Initial Ceding Commission Adjustment shall be calculated as (A / B) X C, where: “A” equals the actuarial appraisal value at a 12.0% discount rate, after tax and after cost of capital, of the Net Retained Liabilities that were inforce as of December 31, 2009, using the same assumptions, methods, and procedures as were used in the Actuarial Appraisal, “B” equals $164.0 million, and “C” equals $200.5 million.
More Definitions of Initial Ceding Commission
Initial Ceding Commission shall have the meaning specified in Section 3.3.
Initial Ceding Commission means the sum of C$74,000,000 as determined in accordance with the actuarial report originally dated October 21, 2009 and revised as of November 25, 2009.
Initial Ceding Commission has the meaning specified in Section 2.2(b). “Initial Leases” has the meaning specified on Schedule 1.1(x).
Initial Ceding Commission means $10,000,000.
Initial Ceding Commission means the sum of C$[ ] as determined in accordance with the [actuarial report dated [ ]].
Initial Ceding Commission means the Ceding Commission determined based upon underwriting expenses incurred relative to the net unearned premiums as of the Effective Date.
Initial Ceding Commission shall have the meaning specified in the Original Agreement.