A faucet for controlling the dispensing of liquids including a valve element movable from a first position for blocking flow between an inlet and outlet to a second position for permitting flow between the inlet and the outlet. An insert member is rotatably connected to a bonnet and defines an opening through which a stem extends. The insert member is located with no portion being clamped between the bonnet and a valve body. An actuator handle assembly includes a lever pivotally connected to an end of the stem and a cam actuator connected to the lever. The cam actuator moves between an engaged position in which movement of the lever is effective to move the valve element from its first position to its second position and a disengaged position in which movement of the lever is ineffective to move the valve element from its first position to its second position.