What does Offset Clause mean? Read on to discover the definition & meaning of the term Offset Clause - to help you better understand the language used in insurance policies.
A provision in reinsurance agreements that permits each party to net amounts due against those payable before making payment. This is especially important in the event of insolvency of one party that ceases to remit amounts due to the other.
We hope the you have a better understanding of the meaning of Offset Clause.