title = "Treaty Reinsurance Fundamentals"

content = """
Treaty reinsurance is a standing agreement under which the cedent cedes and the reinsurer accepts all risks that fall within the treaty's scope. Unlike facultative reinsurance, treaty reinsurance does not require individual risk approval.

**Automatic Cession:** Risks meeting the treaty criteria are ceded automatically. The cedent need not obtain reinsurer consent for each risk, enabling efficient placement and predictable capacity.

**Scope and Conditions:** The treaty defines covered lines of business, geographic scope, and underwriting guidelines. Risks must conform to these parameters to qualify for cession.

**Premium and Loss Sharing:** The treaty specifies how premium and losses are shared between cedent and reinsurer. Proportional treaties share both in a fixed ratio; non-proportional treaties transfer losses above an attachment point.

**Term and Renewal:** Treaties typically run for one year with renewal negotiation. Multi-year arrangements may exist for large programs or catastrophe covers.
"""  # noqa: E501

version = "0.0.1"
