Get surplus treaties by policy

Returns surplus share treaties applied to the specified policy.

A surplus share treaty is a form of proportional reinsurance treaty and a variation of quota share reinsurance.

The surplus share may be defined on per-location or per-policy basis. The proportion retained and the proportion reinsured vary on a per risk basis depending on the location/policy limit and the type of risk. For a given type of risk, the ceding company determines the maximum retention or line it wishes to keep. Risks that have location/policy limits within the retention or line are retained 100%. If the location/policy limit is greater than the retention the surplus amount is ceded on a pro rata basis to the reinsurer.

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