Get facultative

Returns the specified facultative cession.

Facultative reinsurance is a procedure by which insurance companies reinsure risks on an individual basis, with a reinsurer having the option (faculty) to accept or decline each risk. This is in contrast to treaty reinsurance, where there is no faculty.

A facultative cession is a cession that applies on an individual risk basis, meaning you can define separate facultative cessions for each location or policy in an account. For each facultative cession, the limit, attachment point, inuring priority, and participation percentage are definable quantities. One or more facultative cessions can be attached to a location or policy.

Language
Authorization
URL