What Does Automatic Treaty Mean?

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What does Automatic Treaty mean? Read on to discover the definition & meaning of the term Automatic Treaty - to help you better understand the language used in insurance policies.

Automatic Treaty

Automatic Treaty

A reinsurance treaty under which the ceding company must cede exposures of a defined class that the reinsurer must accept in accordance with the terms of the treaty.

We hope the you have a better understanding of the meaning of Automatic Treaty.

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