What is the definition of Facultative obligatory treaty? | Dictionary.net

FACULTATIVE OBLIGATORY TREATY

\fˈakəltətˌɪv əblˈɪɡətəɹˌi tɹˈiːti], \fˈakəltətˌɪv əblˈɪɡətəɹˌi tɹˈiːti], \f_ˈa_k_ə_l_t_ə_t_ˌɪ_v ə_b_l_ˈɪ_ɡ_ə_t_ə_ɹ_ˌi t_ɹ_ˈiː_t_i]\

Definitions of FACULTATIVE OBLIGATORY TREATY

1910 - Black's Law Dictionary (2nd edition)

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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.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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