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Do insurers pay terrorism reinsurance premium on the entire original premium of an eligible policy even though part of the policy has been ceded to facultative or treaty reinsurers?

April 26, 2017ceded eligible entire insurers original pay policy Premium Reinsurance terrorism

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Do insurers pay terrorism reinsurance premium on the entire original premium of an eligible policy even though part of the policy has been ceded to facultative or treaty reinsurers?

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The Tier rates should be applied to the Gross Written Premium of the eligible policy and remitted to the ARPC. Do not remove the reinsurers’ share of the original premium before applying Tier rates.