Treaty vs Facultative Placement Selector Lookup
Bounded offline reference: Treaty reinsurance covers a defined portfolio/class under an agreement; facultative reinsurance concerns individually negotiated risks. Source: IAIS, reinsurance supervisory materials. Not a recommendation to place a risk or proof the contract covers every loss. Supported topic keys: summary, reference, limitations. No complete external corpus or live policy implied.
Description
Treaty reinsurance covers a defined portfolio/class under an agreement; facultative reinsurance concerns individually negotiated risks.
Treaty reinsurance covers a defined portfolio/class under an agreement; facultative reinsurance concerns individually negotiated risks.1
The selected topic returns a stored explanation and its qualifications, rather than a current policy or claim determination.
When to use Treaty vs Facultative Placement Selector Lookup
Use this tool to read a bounded explanation for an exact reference topic. Establish the contract, jurisdiction, reporting basis, currency and dated evidence that apply.
How to use Treaty vs Facultative Placement Selector Lookup and understand its results
- Establish the contract, jurisdiction, reporting basis, currency and dated evidence that apply.
- Enter topic, using the field meanings and rules below, then run the tool.
- Read result.text, using the output meanings and calculation rules below.
- Correct any reported input issue and run again. Before using a successful result, check the stated units, signs, reference scope and observation coverage.
| Input field | Meaning | Value type | Requirement |
|---|---|---|---|
| topic | Topic | string | Required |
Choose one exact topic token from the table. The implementation looks up the stored value and returns it in the documented output field. Matching is case-sensitive; unrecognized tokens fail. This is an offline bounded reference, not a live catalogue or independent attribution.
| Topic token | Stored value |
|---|---|
| summary | Treaty reinsurance covers a defined portfolio/class under an agreement; facultative reinsurance concerns individually negotiated risks. |
| reference | IAIS, reinsurance supervisory materials. |
| limitations | Not a recommendation to place a risk or proof the contract covers every loss. |
value=referenceTable[exactToken] Use the matching field units and the exact boundary, ordering and reference rules above.
| Output field | Meaning | Value type |
|---|---|---|
| result | Calculated observation or qualified reference | object |
| result.text | text | string |
{
"input": {
"topic": "summary"
},
"output": {
"result": {
"text": "Treaty reinsurance covers a defined portfolio/class under an agreement; facultative reinsurance concerns individually negotiated risks."
}
}
}Limitations and assumptions
The relevant contract, jurisdiction and dated evidence determine applicability. A reference or calculation does not establish coverage, legal compliance, claim eligibility or suitability. Not a recommendation to place a risk or proof the contract covers every loss.
Missing required fields, unknown fields, wrong types and violated rules return input issues. Numeric values and outputs must be finite. Extremely large composite outputs are rejected.
Alternative or Complementary methods
For a related step, use Facultative Obligatory Automatic Placement Tradeoff Lookup: Facultative-obligatory arrangements can give the cedant placement discretion while obliging acceptance within defined treaty terms. For a complementary comparison, use Surplus Share Lines Capacity Scaling Lookup: A surplus-share capacity convention adds a retained line to a stated number of ceded lines.
References
Similar or alternative tools
- Facultative Obligatory Automatic Placement Tradeoff Lookup
Facultative-obligatory arrangements can give the cedant placement discretion while obliging acceptance within defined treaty terms.
- Surplus Share Lines Capacity Scaling Lookup
A surplus-share capacity convention adds a retained line to a stated number of ceded lines.