What Does Right of of fset Mean?

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What does Right of of fset mean? Read on to discover the definition & meaning of the term Right of of fset - to help you better understand the language used in insurance policies.

Right of of fset

Right of of fset

A provision in a reinsurance agreement whereby balances due under a reinsurance agreement may be netted out against recoverables under the same agreement.

We hope the you have a better understanding of the meaning of Right of of fset.

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