Re: [Name of Project]
$[Type and Amount of Policy; Name of Insured]
[Ceder’s File Number]
Our File No. _______
[Reinsurer] agrees to accept $ ________ of secondary liability behind [Ceder]’s primary liability of $ _____ in the referenced transaction. We understand that [Ceder] will retain a secondary liability of $ _____ for a total retention of $ _______. We agree to execute the ALTA Facultative Reinsurance Agreement (9-24-94), which includes Direct Access provisions.
[Name and Corporate Title]
cc: [Ceder’s Reinsurance Administrator]