Facultative Obligatory Treaty

Facultative Obligatory Treaty,

Facultative Obligatory Treaty:

  1. Facultative Obligatory Treaty definition is: A hybrid between the optional approach and the traditional approach is an agreement on whether or not the primary insurer has the option to assign individual risks. However, the reinsurer must assume a fixed risk.

Literal Meanings of Facultative Obligatory Treaty

Facultative:

Meanings of Facultative:
  1. This happens voluntarily in response to circumstances and not naturally.

Sentences of Facultative
  1. The difference between facultative skin pigmentation and constitutional color is a function of total sun exposure.

Obligatory:

Meanings of Obligatory:
  1. Required by law, ethics or other mandatory regulations.

Sentences of Obligatory
  1. It is now mandatory to wear seat belts in cars.

Synonyms of Obligatory

incumbent, prescribed, binding, mandatory, required, enforced, compulsory, statutory, demanded

Treaty:

Meanings of Treaty:
  1. Formal termination of agreements and ratification between countries

Sentences of Treaty
  1. The two presidents signed a ten-year solidarity agreement.

Synonyms of Treaty

protocol, settlement, accord, covenant, entente, contract, bargain, pledge, concordat, deal, compact, pact, agreement, concord, convention

Facultative Obligatory Treaty,

Facultative Obligatory Treaty means,

  1. A hybrid between optional and conventional use is an agreement where the primary insurer has the option to assign individual risks. However, the reinsurer must assume a fixed risk.

Literal Meanings of Facultative Obligatory Treaty

Facultative:

Meanings of Facultative:
  1. It appears voluntarily in response to circumstances and not naturally.

Sentences of Facultative
  1. Optional adjustment based on competition

Obligatory:

Meanings of Obligatory:
  1. In accordance with the law, ethics or other mandatory regulations.

Synonyms of Obligatory

necessary, essential, requisite, imperative, unavoidable, inescapable

Treaty:

Meanings of Treaty:
  1. Signing and ratification of government agreements between states

Synonyms of Treaty

alliance, armistice, truce

Facultative Obligatory Treaty,

Facultative Obligatory Treaty:

  1. Hybrid between optional and conventional use. It is a contract in which the primary insurer has the power to assign or not to assign individual risks. However, the reinsurer must assume the specified risk.

Literal Meanings of Facultative Obligatory Treaty

Facultative:

Meanings of Facultative:
  1. Which is optional in response to the situation and not naturally.

Treaty:

Meanings of Treaty:
  1. Formal agreements between states were finalized and ratified.