What is FACULTATIVE OBLIGATORY TREATY

A hybrid of FACULTATIVE REINSURANCE and TREATY REINSURANCE where the CEDING INSURER can choose to assign certain RISKS to the REINSURER, who is then required to accept them.

HOPCON In old English law. A valley. Cowell.
PERSON A man considered according to the rank he holds in soci...
FORMAL SECTOR A group of people, usually employees, that includes rec...
CESTUI QUE TRUST He who has a right to a beneficial interest in and out...
MONSTER A prodigious birth; a human birth or offspring not havi...
CASE IN CHIEF The portion of a trial whereby the party with the BURDE...
CITIZEN In general, A member of a free city or jural society, (...
ETHICAL ISSUE A conflict of right (ethical) or wrong (unethical) or s...
BONA GRATIA In the Roman law. By mutual consent; voluntarily. A ter...
REGRESSIVE SUPPLY CURVE A curve on a graph that features and upwards slope to t...

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