Advertisement
Oregon Terms
Last Articles
- Three hunters
- A man fell in love
- Stupid Oregon Laws
- How many Oregonians does it take to change a light bulb?
Last News
automatic treaty
Usually a pro rata treaty whereby the reinsurer is automatically under a liability, simultaneously with the ceding company, to accept a fixed share of each risk. Each party has a fixed obligation. The direct company is obligated to cede, and the reinsurer is obligated to accept.
Tags: automatic treaty