Underwriting Year definition

Underwriting Year means a calendar year during the Term or that portion of a calendar year which is included in the Term where the Term incepts and/or terminates during a calendar year.

Underwriting Year as used herein shall mean the period from January 1, 1997 through December 31, 1997, and each subsequent 12-month period shall be a separate underwriting year. However, in the event this Contract is terminated, the final underwriting year shall be from the beginning of the then current underwriting year through the effective date of termination. All premiums and losses from policies allocated to an underwriting year shall be credited or charged, respectively, to such underwriting year, regardless of the date said premiums earn or such losses occur, it being understood that a policy will be allocated to the underwriting year which is in effect as of:

Underwriting Year means the calendar year.

Examples of Underwriting Year in a sentence

• The Parties are interested in exchanging information and receiving Confidential Information in accordance with the terms of this Agreement with a view to [ ] (Name) participating on the [ ] Syndicate for the [ ] Underwriting Year (Project).

• If the Reinsurer elects to not contribute additional amounts and/or forego distributions of the Profit Distribution Amount, the Ceding Company shall reduce the Ceded Percentage for the 2007 Underwriting Year, such that the amount of Collateral at December 1, 2006, reduced by any estimated Profit Distribution Amount as to which the Reinsurer does not elect to forego, will be no less than the Requisite Funded Amount for the 2007 calendar year.

• Not later than thirty (30) days after the end of each month during any Underwriting Year, the Manager will prepare and forward to the Company a detailed and itemized monthly statement of account setting forth Reinsurance Claims Payments, return premiums and any other monies received by the Manager on the Company’s behalf.

• In accordance with the offset and carry-forward provisions appearing in the Quota Share Reinsurance Agreement, Xxxxxxxx has sought to carry-forward debits from the 2016 Underwriting Year into the 2017 Underwriting Year for purposes of calculating amounts due as between the parties.

More Definitions of Underwriting Year

Underwriting Year as used herein shall mean the period October 1, 2003 to September 30, 2004, both days inclusive, and each subsequent 12- month period (or portion thereof) shall be a separate underwriting year. All premiums and losses from policies allocated to an underwriting year shall be credited or charged, respectively, to such underwriting year, regardless of the date said premiums earn or such losses occur. It is understood that a policy will be allocated to the underwriting year, which is in effect as of:

Underwriting Year as used in this Contract shall mean those Policies with inception, renewal or anniversary date during each 12-month period commencing with each April 1, except that the first Underwriting Year shall be the period from inception to April 1, 1999, and all premium attributable to, and loss arising out of such Policies from such inception, renewal or anniversary date until expiration, cancellation, or next anniversary, whichever occurs first, will be ascribed to the Underwriting Year.

Underwriting Year as used herein shall mean those Policies with inception, renewal or anniversary date during each 12-month period commencing with each April 1 and all premium attributable to, and all loss arising out of such Policies from such inception, renewal or anniversary date until expiration, cancellation, or next anniversary, whichever occurs first, will be ascribed to the Underwriting Year.

Underwriting Year as used herein shall mean the period from January 1, 2004 through June 30, 2004 for the first underwriting year, July 1, 2004 through December 31, 2004 for the second underwriting year and each subsequent 12-month period shall be a separate underwriting year. However, if this Contract is terminated, the final underwriting year shall be from the beginning of the current underwriting year through the effective date of termination. All premiums and losses from policies allocated to an underwriting year shall be credited or charged, respectively, to such underwriting year, regardless of the date said premiums earn or such losses occur. It is understood that a policy will be allocated to the underwriting year which is in effect as of:

Underwriting Year means the Calendar Year beginning January 1, 1997 and ending December 31, 1997.

Underwriting Year as used herein shall mean the period from January 1, 1997 through December 31, 1997, and each subsequent 12-month period shall be a separate underwriting year. All premiums and losses from policies allocated to an underwriting year shall be credited or charged, respectively, to such underwriting year, regardless of the date said premiums earn or such losses occur, it being understood that a policy will be allocated to the underwriting year which is in effect as of:

Underwriting Year as used herein shall mean the period from January 1, 2006 through December 31, 2006, and each subsequent 12-month period thereafter shall be a separate underwriting year, unless this Contract is terminated, in which event the final underwriting year shall be from the beginning of the then current underwriting year through the date of termination. All premiums and all claims or losses from new and renewal policies incepting during a given underwriting year shall be credited or charged, respectively, to such underwriting year, regardless of the date said premiums earn or such claims are made or losses occur (subject to the “cutoff” provisions of paragraph D above).