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strike-through clause

A strike-through clause is a reinsurance contract provision requiring a reinsurer to pay its share of a loss directly to the insured in the event that the ceding insurer becomes insolvent.

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strike-through clause

A strike-through clause is a reinsurance contract provision requiring a reinsurer to pay its share of a loss directly to the insured in the event that the ceding insurer becomes insolvent.