What Does Strike Through Clause Mean?

Free Business Insurance Quote Click Here
What does Strike Through Clause mean? Read on to discover the definition & meaning of the term Strike Through Clause - to help you better understand the language used in insurance policies.

Strike Through Clause

Strike Through Clause

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.

We hope the you have a better understanding of the meaning of Strike Through Clause.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z