Examples of Subject Earned Premium in a sentence
The term Subject Earned Premium shall mean the premiums earned by the Company or the Legal Entities on classes of business covered under this Contract, times the rates below.
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.
For purposes of calculating the minimum and deposit premium paid by each company (Bridgefield Casualty Insurance Company and Bridgefield Employers Insurance Company), the minimum and deposit premium was multiplied by the ratio that the Subject Earned Premium of each bore to the total Subject Earned Premium of the Company.
The difference between the Annual Deposit premium and the actual Subject Earned Premium was settled to/from the Company.
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.