Examples of Subject Earned Premium in a sentence
As reinsurance premium for the reinsurance provided hereunder, the Company shall pay the Reinsurers * percent (*%) of its Net Subject Earned Premium for the term of this Contract, subject to a minimum reinsurance premium of * dollars ($*).
The Company shall pay to the Subscribing Reinsurer a rate of 095% of the Subject Earned Premium for the Business Covered hereunder, as stated in Paragraph D.
The Reinsurer shall allow the Company a fixed ceding commission of * percent (*%) of the Company’s Net Subject Earned Premium ceded to the Reinsurer hereunder during the term of the Contract.
Defendant cites Article VIII, which requires plaintiffs to:furnish the Reinsurer with a report summarizing the Net Subject Written Premium ceded and the Net Subject Earned Premium ceded, less return premium and commission, losses paid, Loss Adjustment Expense paid, monies recovered, and net balance due either party.