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Related Party Transactions
6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS
 
One of our executive officers, Ms. Salmon, is a former partner at the law firm of Groelle & Salmon, PA, where her spouse remains partner and co-owner. Groelle & Salmon, PA provides legal representation to us related to our claims litigation, and also provided representation to us for several years prior to Ms. Salmon joining UPC Insurance. During the three months ended June 30, 2017 and 2016, Groelle & Salmon, PA billed us approximately $775,000 and $513,000, respectively. During the six months ended June 30, 2017 and 2016, Groelle & Salmon, PA billed us approximately $1,643,000 and $1,109,000, respectively. Ms. Salmon's spouse has a 50% interest in these billings, or approximately $388,000 and $257,000, for the three months ended June 30, 2017 and 2016, respectively, and approximately $822,000 and $555,000, for the six months ended June 30, 2017 and 2016, respectively.

AmRisc, a Managing General Underwriter, handles the underwriting, claims processing, premium collection and reinsurance review for the Company. R. Daniel Peed, Vice Chairman of our Board of Directors, beneficially owns approximately 7.7% of AmRisc and is also the Chief Executive Officer of AmRisc.
In accordance with the managing general agent underwriting contract with AmRisc, we recorded $110,310,000 of gross written premiums for the three months ended June 30, 2017, resulting in fees and commission (including a profit commission) of $16,823,000 due to AmRisc. Receivables are stated net of the fees and commission due under the contract.
In addition to the direct premiums written, we recorded $1,772,000 in ceded premiums to AmRisc as a reinsurance intermediary for the three months ended June 30, 2017. We also incurred $16,000 during that period for rent under a sublease agreement with AmRisc.
Net premiums receivable (net of commissions) of $46,929,000 were due from AmRisc as of June 30, 2017. These premiums are paid by AmRisc to our premium trust account by wire transfer within 15 days of collection pursuant to the underwriting contract with AmRisc.