Translation of facultative (English-English)

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Dutch translation of facultative
French translation of facultative
German translation of facultative
Spanish translation of facultative

facultative: a formal document stating how facultative reinsurance should be handled by an insurer and a reinsurer
Category: Insurance

facultative: a parasite capable of existing independently of a host or under a variety of modes of life
Category: agriculture, fisheries, forestry - food processing industries

facultative: a risk reinsurance in which the original insurer elects whether or not to offer for reinsurance,the reinsurer having the choice to accept or reject the offer
Category: Insurance

facultative: a treaty under which an insurer may elect whether to offer a risk of a specified type; the reinsurer will be obliged to accept it if offered
Category: Insurance

Please see: encyclo.co.uk for more definitions

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