Page 9 - Policy Wording - Hollard Business Binder (2020-08-26)

1. TREATY ACCEPTANCE
1.1 You may only accept a risk within your mandate.
1.2 Commercial, sectional title and agricultural risks are dependent on the same treaty and therefore the same rules apply.
1.3 All risks exceeding your current mandate must be referred to Hollard for approval. Without approval the facility could be at risk.
1.4 If the risk or risk description is not contained in this Guideline or the Risk Classification list (Annexure C) it should automatically be treated as a referral to Hollard.
2. TREATY EXCLUSIONS (Annexure A)
2.1 Hollard's underwriting and acceptance ability is limited by specific treaty exclusions and, as such, not all types of business can be accepted.
2.2 Read the list of referrals and exclusions in conjunction with the Risk Classification list (Annexure C) which contains referrals and exclusions from an underwriting perspective.
2.3 For the complete list of treaty exclusions please see Annexure A.
3. RISK CLASSIFICATION (Annexure C)
3.1 Wherever the term 'referral' is used the risk has to be referred to Hollard for approval prior to quoting.
3.2 Risks classified as 'declined' will not be supported by the reinsurance arrangement and must therefore not be accepted.
3.3 Acceptance of a declined or referral risk (not approved by Hollard) is in breach of the mandate and any losses suffered will be paid from the Partner's net account, impacting negatively on the business.
3.4 For the complete list please see Annexure C.
4. SURPLUS CEDING
4.1 4.2
With effect from 1 July 2017 Hollard no longer has a surplus treaty.
Partners must not cede to the Surplus in respect of new business and renewals processed on or after 1 July 2017.
Reinsurance Treaty
REINSURANCE TREATY
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Commercial Underwriting Mandates and Guidelines – Binder – Version 2 2020