What does Cut Through Endorsement mean? Read on to discover the definition & meaning of the term Cut Through Endorsement - to help you better understand the language used in insurance policies.
Cut Through Endorsement
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. Also called an "assumption endorsement."
We hope the you have a better understanding of the meaning of Cut Through Endorsement.