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cut through endorsement

A cut through endorsement is a reinsurance contract endorsement providing that, in the event of the cedent's insolvency, the reinsurer will pay any loss covered by the reinsurance contract directly to the insured.

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cut through endorsement

A cut through endorsement is a reinsurance contract endorsement providing that, in the event of the cedent's insolvency, the reinsurer will pay any loss covered by the reinsurance contract directly to the insured.

Synonyms

assumption endorsement