## BORDEREAUX-TO-TREATY EXCEPTION MATRIX Review scope: Q2 2026 Premium Bordereaux, rows 184–187, with focus on ceding commission and related premium fields. | ROW / FIELD | OBSERVED DATA | TREATY REQUIREMENT | EXCEPTION | SOURCE CLAUSE | CONFIDENCE | MISSING DATA | REVIEW ACTION | | ----------------------- | --------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------- | --------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------- | | 186 / Ceding Commission | Ceded Premium: USD 180,000; Ceding Commission: USD 60,000 | Ceding commission = 30% of ceded subject premium = **USD 54,000**. Any deviation requires documented treaty amendment. | **APPARENT EXCEPTION —** observed commission of USD 60,000 is USD 6,000 above the 30% amount supported by the supplied treaty term. Observed effective commission rate is 33.33%. | Clause 11 — Ceding Commission | **HIGH** — arithmetic mismatch is directly established from supplied values; amendment status is not evidenced. | No documented treaty amendment supporting the deviation was supplied. | Verify whether a documented treaty amendment authorizes the USD 60,000 commission; otherwise perform human contractual review of the discrepancy. | | 187 / Ceding Commission | Ceded Premium: USD 132,000; Ceding Commission: USD 46,200 | Ceding commission = 30% of ceded subject premium = **USD 39,600**. Any deviation requires documented treaty amendment. | **APPARENT EXCEPTION —** observed commission of USD 46,200 is USD 6,600 above the 30% amount supported by the supplied treaty term. Observed effective commission rate is 35.00%. | Clause 11 — Ceding Commission | **HIGH** — arithmetic mismatch is directly established from supplied values; amendment status is not evidenced. | No documented treaty amendment supporting the deviation was supplied. | Verify whether a documented treaty amendment authorizes the USD 46,200 commission; otherwise perform human contractual review of the discrepancy. | ### Rows without apparent exception Rows **184** and **185** align arithmetically with the supplied 30% ceding-commission requirement: * Row 184: 30% × USD 150,000 = **USD 45,000** * Row 185: 30% × USD 108,000 = **USD 32,400** Accordingly, there is **no apparent exception supported by the reviewed evidence** for those ceding-commission fields. The supplied prior Q1 submission is not required to establish the findings. It provides historical context only and does not replace the current treaty requirement. ### Related premium-field assessment The supplied treaty requires gross premium and ceded premium to be reported, but it does **not** state a contractual formula or ratio governing the relationship between gross premium and ceded premium. Therefore, no exception is inferred from the gross-to-ceded premium relationship. The maximum ceded limit per risk also cannot be tested from these bordereaux fields because no ceded limit per risk is supplied. That is an **out-of-focus / unassessed condition**, not an apparent exception. ### Validation Status **PASS** Critical scope, evidence, comparison, traceability, uncertainty, and human-judgment checks are satisfied. The two identified matters are **preliminary apparent exceptions**, not final contractual determinations.