title = "Run-Off Management"

content = """
Run-off refers to managing a portfolio of business that is no longer accepting new risks. Reinsurance run-off involves administering treaties and facultative placements for discontinued lines.

**Run-Off Triggers:** Business may run off due to market exit, line discontinuation, or company restructuring. Reinsurance remains in force for in-force policies and outstanding claims.

**Administration:** Continue bordereau preparation, premium settlement, and loss reporting. Reserves and IBNR may develop as claims emerge. Track run-off progress and eventual closure.

**Commutation:** Parties may commute (buy out) outstanding obligations to accelerate run-off closure. Commutation negotiations require actuarial and legal input.
"""  # noqa: E501

version = "0.0.1"
