title = "Premium Calculation — Proportional"

content = """
Proportional treaty premium follows the cession percentage. The cedent calculates ceded premium as a share of gross written premium (GWP) or gross earned premium (GEP) for risks within scope.

**Quota Share:** Ceded premium = GWP (or GEP) × cession percentage. Example: 50% quota share on $1M GWP yields $500,000 ceded premium.

**Surplus:** Ceded premium = (Ceded amount / Policy limit) × Policy premium. Each policy is calculated separately; the bordereau aggregates the results.

**Adjustments:** Commission may reduce net ceded premium. Profit commission, if applicable, is calculated periodically based on loss experience. Premium tax and other levies may apply per jurisdiction.
"""  # noqa: E501

version = "0.0.1"
