独居的话痨 保险行业 从业人员 Cut Through Clause (Apply to reinsurance)It is hereby understood and agreed that all claims and refunds shall be settled directly by the appointed Reinsurer with the Insured and the appointed Reinsurer shall pay the claims directly to the Insured for the proportio...
Cutting to the chase: suddenly seeking cut-through clauses - Reinsurance FocusGreen, Paula LRisk & Insurance
Authority of various types of agents and the propriety of their actions Availability of set-offs Interpretation and enforceability of cut-through clauses Creditor standing to pursue causes of action against third parties Wildfire claims Insolvencies of insurers and reinsurers...
网络再保险能量 网络释义 1. 再保险能量 ...谓迳行赔付条款(cut-through clause)? 解释名词:每题五分 一、再保险能量(reinsurance capacity) 二、首席再保险人(lead rei… www.nlus.org.tw|基于 1 个网页
Because the reinsurer did not establish its status as a third-party beneficiary, did not prove that there was a cut-through clause in the reinsurance contract, failed to prove that there was an assignment or assumption, its lack of contractual privity precluded the reinsurer from pursuing its ...
The general common law rule is that an insured is not in privity of contract with a reinsurer and thus has no right of action against the reinsurer. However, certain contracts may provide for the reinsurer’s liability through “cut-through” or “cut-off” clauses. These clauses are of...
Except as set forth on Schedule 3.31 of the Parent Disclosure Schedule, or as would not, individually or in the aggregate, reasonably be expected to be material to any Company Group Entity, no Company Group Entity is a party to any cut through agreement or endorsement pursuant to which any ...
D. cut through endorsement B The ABC Reinsurance Company is one of a group of 5 rinsurers providing reinsurance for a large mortgaged property. ABC is the named guarantor under a guarantee endorsement that applies to the primary insurance policy. To ensure that all reinsurers contribute to their...
and wherein the insurance policy includes a damage scale indemnification clause; an insurance policy design module configured for operation with the processor and memory, the insurance policy design module configured to perform operations to establish an electronic definition of the damage scale insurance...