What does Facultative Automatic mean? Read on to discover the definition & meaning of the term Facultative Automatic - to help you better understand the language used in insurance policies.
A form of property-casualty (P&C) reinsurance that is a hybrid between facultative and treaty. A bordereau of risks ceded is submitted to the reinsurer, which has limited rights to decline individual risks.
We hope the you have a better understanding of the meaning of Facultative Automatic.