title = "Reinsurance Contract Structure"

content = """
Reinsurance contracts share common structural elements regardless of type. Understanding the standard components enables accurate interpretation and administration.

**Preamble and Recitals:** Identify the parties, effective dates, and general purpose. Define cedent, reinsurer, and any intermediaries.

**Insuring Agreement:** Describes what is covered. For proportional treaties, the cession percentage or surplus terms. For XoL, the attachment point, limit, and subject premium.

**Definitions:** Key terms such as "ultimate net loss," "occurrence," "gross net premium," and "reinsured" have specific meanings. Contract definitions override general usage.

**Exclusions:** Specify what is not covered. Common exclusions include war, nuclear, and certain catastrophic perils unless separately arranged.

**Conditions:** Notice, cooperation, arbitration, insolvency, and other operative clauses govern the relationship and claims handling.
"""  # noqa: E501

version = "0.0.1"
