סביבת העבודה שלך כבר בנויה.<br>אנחנו רק צריכים את שמך.

A Profit Commission shall be payable by the Reinsurer to the Cedant, calculated as a percentage of the technical profit generated under this Treaty, after deduction of a management expense loading and carry-forward of any deficit from prior periods, subject to a loss corridor where applicable. The applicable rate may follow a sliding scale based on the combined ratio of the Treaty year.

Following each loss occurrence that erodes the limit of this Treaty, the cover shall be automatically reinstated up to the original limit. The number of reinstatements available and the premium payable therefor shall be as specified in the applicable variant: (A) Free and Unlimited — reinstatement is free of charge and unlimited in number, no additional premium is due; (B) Paid, Pro Rata Temporis — reinstatement premium is calculated pro rata temporis of the unexpired portion of the Treaty year at the date of loss occurrence, applied to the Original Reinsurance Premium at 100% of the annual rate, unlimited in number; (C) Paid, Pro Rata, Limited to N — as per variant B with the number of reinstatements limited to N occurrences per Treaty year as specified in the Schedule, cover is not restored once N reinstatements are exhausted; (D) Paid, Rate on Line — reinstatement premium determined by a Rate on Line drawn from a schedule indexed to the Treaty Loss Ratio at the date of reinstatement, applied to the Original Reinsurance Premium.

The Ceding Company shall retain, as fiduciary of the Reinsurer, the reinsurance premium due hereunder on a funds withheld basis. The Funds Withheld Balance shall equal the premium retained, less any losses paid by the Reinsurer and offset against the account, subject to a floor of zero. The Reinsurer shall consider such amount as a receivable on its books.

In consideration of the Ceding Company retaining the Funds Withheld Balance, the Ceding Company shall credit interest thereon at the rate specified herein. The applicable rate may be fixed contractually, or determined by reference to a market index plus a contractual spread, subject in either case to a maximum rate cap where specified.

A Loss Participation shall be payable by the Cedant to the Reinsurer where the loss experience under this Treaty exceeds a specified threshold. The amount payable shall be calculated as a percentage of losses, or of losses in excess of an applicable trigger, subject to a maximum participation cap where specified. The applicable rate may follow a sliding scale based on the loss ratio of the Treaty year.