Traditional Program Business definition

Traditional Program Business means blocks of Program Business in excess of $5 million in gross written premium that Tower has historically underwritten, consisting of non-auto related personal lines and the following commercial lines of business: retail stores and wholesale trades, commercial and residential real estate, restaurants, grocery stores, office and service industries, and artisan contractors.
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Traditional Program Business means blocks of Program Business in excess of $5 million in gross written premium that TICNY has historically underwritten, consisting of non-auto related personal lines and the following commercial lines of business: retail stores and wholesale trades, commercial and residential real estate, restaurants, grocery stores, office and service industries, and artisan contractors.
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Traditional Program Business shall have the same meaning that it has in the Traditional Program Business Pooling Agreement.
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Examples of Traditional Program Business in a sentence

  • This Agreement applies to all in-force, new and renewal Policies, except as hereinafter excluded, written and classified by the Company as Fire and Allied Perils, Commercial Multiple Peril, Homeowners Multiple Peril and Liability, Workers’ Compensation, Inland Marine and Automobile Liability and Physical Damage, with an inception date effective during the term of this Agreement and which are classified by the Company as Traditional Program Business.

  • If this Pooling Agreement is terminated pursuant to this Article XIII, all rights and obligations of the Participating Companies with respect to Traditional Program Business ceded pursuant to this Pooling Agreement prior to such termination shall continue to be governed by the terms of this Pooling Agreement.

  • The files and records of each Participating Company with respect to this Pooling Agreement and the Traditional Program Business subject hereto shall be open to examination by any officer or director of each of the other Participating Companies or their duly authorized representatives during normal business hours.

  • However, in the event that regulatory authorities do not approve an intercompany transaction containing these ceding commissions, the Company and Reinsurer shall use their best good faith efforts to structure the transaction in order that the sum of the Net Loss Ratio plus ceding commission percentage equals 93% for the Traditional Program Business.

  • The ceding commission may be adjusted every six months on each six month anniversary of the Effective Date based on the Net Loss Ratio of the Traditional Program Business ceded hereunder from the Effective Date.

  • Tower’s participation in the Brokerage Business pool and in the Traditional Program Business pool will initially be 75% each of the Brokerage Business pool and Traditional Program Business pool, but Tower shall have discretion to adjust that participation to no less than 55% and no more than 75% of the Brokerage Business pool and Traditional Program Business pool.

  • The Participating Companies acknowledge that, following the acceptance or retention of a percentage of the Traditional Program Business Pool by a Participating Company, such pooled business shall be subject to such reinsurance as may be entered into by such Participating Company on or after the Effective Date that is for the benefit of such Participating Company as to its participation in the Traditional Program Business Pool and does not inure to the benefit of the Traditional Program Business Pool.

  • Both the Brokerage Business Quota Share Reinsurance Agreement and the Traditional Program Business Quota Share Reinsurance Agreement shall provide that Tower will (i) cede initially 30% of its net liabilities less recoveries on its Brokerage Business and Traditional Program Business but that such percentage may be adjusted every 6 months provided that it shall never cede less than 25% of and no more than 45% of its net liabilities less recoveries on the Brokerage Business or Traditional Program Business.

  • Tower shall continue to manage the Brokerage Business and Traditional Program Business.

  • Tower shall enter into the (1) Brokerage Business Pooling Agreement and (2) Traditional Program Business Pooling Agreement, under both of which Tower will manage the Brokerage Business and Traditional Program Business pools and (3) the Specialty Program Business pool under which CPIC will manage the Specialty Program Business pool.

Related to Traditional Program Business

  • Educational program means a program for educating and preparing physician assistants which is approved by the board.

  • Licensed Business means the activities connected with the conveyance of

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Micro Business means a company which either:

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • Company Business means the business of the Company as presently conducted.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Separate Business means each of the activities of the Licensee connected

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services.

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Initial Business Plan means the business plan to be provided by the Franchisee to the Secretary of State as described in paragraph 2.1 of Schedule 13 (Information and Industry Initiatives);

  • Competing Program has the meaning set forth in Section 8.5.

  • Home-based business means an accessory use to an authorised residential use in which one or more residents carry on a business, and for greater certainty, includes a bed and breakfast, but does not include child care.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • Products and Services means the products and/or services to be sold by Vendor hereunder as identified and described on Attachment A hereto and incorporated herein, as may be updated from time to time by Vendor to reflect products and/or services offered by Vendor generally to its customers.