title = "Facultative Reinsurance Basics"

content = """
Facultative reinsurance applies to individual risks. The cedent submits each risk for reinsurer review, and the reinsurer may accept, decline, or offer modified terms.

**Submission Process:** The cedent prepares a facultative submission containing risk details, exposure information, and proposed terms. Brokers or direct relationships facilitate placement.

**Selective Acceptance:** Reinsurers evaluate each risk on its merits. Acceptance may be full, partial, or conditional. Declinations require no explanation but good practice includes feedback for future submissions.

**Pricing:** Facultative pricing reflects risk-specific factors. Terms may differ from treaty rates. Negotiation is common for large or complex risks.

**Documentation:** Each placement requires a formal binder or facultative certificate documenting the agreed terms, limits, and premium.
"""  # noqa: E501

version = "0.0.1"
