Obligatory Treaty

Obligatory Treaty,

Obligatory Treaty Meanings:

  • An insurance contract (usually involving proven reinsurance) between the insurance company and the insurer that automatically agrees to transfer all businesses covered by the insurance contract. The insurance company, in turn, is bound to accept this agreement. An automatic contract is another term for a binding contract.

  • Meaning of Obligatory Treaty: An insurance contract in which the company can be repurchased under the terms set out in it. Insurance must accept this condition.

Literal Meanings of Obligatory Treaty

Obligatory:

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

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

Synonyms of Obligatory

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

Treaty:

Meanings of Treaty:
  1. The agreements were formally concluded and ratified by the countries.

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

Synonyms of Treaty

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

Obligatory Treaty,

Obligatory Treaty means,

A reinsurance agreement between the insurer and the reinsurer (usually including repurchased reinsurance) that promises to automatically transfer all businesses involved in the insurance contract. Reinsurers are bound to accept this agreement. An automatic contract is another term for a binding contract.

Obligatory Treaty refers to A reinsurance contract under which the company can be repurchased under these terms. Reinsurance must accept this condition.

Literal Meanings of Obligatory Treaty

Obligatory:

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

Synonyms of Obligatory

necessary, imperative, requisite, unavoidable, inescapable, essential

Treaty:

Meanings of Treaty:
  1. Terminated and ratified formal agreements between states

Synonyms of Treaty

alliance, truce, armistice

Obligatory Treaty,

Obligatory Treaty Meanings:

A reinsurance agreement between an insurer and a reinsurer (which usually includes prohibited reinsurance) in which the insurer agrees to automatically transfer all business under the terms of the agreement. Insurers, in turn, are bound to accept this agreement. An automatic contract is another term for a binding contract.

Literal Meanings of Obligatory Treaty

Obligatory:

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

Treaty:

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