Life Treaty Provisions
The Treaty Committee of the Reinsurance Section was charged with producing a document that could serve as a checklist during treaty preparation and review of a standard life reinsurance agreement. The document produced covers the purpose of each provision, the common elements, common variations and problems that may arise. It is the intent of the Committee for this document to serve as an objective guide only. It does not include an exhaustive listing of common practices nor is it intended to serve as a definitive standard of practice to be used in the resolution of disputes. The Committee recognizes that ceding companies and insurers are free to negotiate terms that meet the needs of both parties and may organize the elements of their treaties somewhat differently than presented here. In order to assure a balanced perspective, both the Committee and its group of reviewers have consisted of representatives from ceding companies and reinsures.