UEPR definition
UEPR means, at any time, unearned premium reserves with regards the Business Reinsured.
Examples of UEPR in a sentence
Within ten (10) days following the notice of recapture, the Ceding Company shall withdraw from the Trust Account assets with a fair market value equal to (x) the Adjusted UEPR on the books of the Reinsurer as of such month end multiplied by (y) the Ceding Percentage Adjustment Fraction (the “Recapture Amount”).
The Ceding Company shall adjust the Initial Reinsurance Premium on a quarterly basis based on actual data and future development of such Adjusted UEPR, including the collection after the Effective Date of Net Ceded Premium on such Business Reinsured in effect on the Effective Date.