Be careful on cut-throughs.
Following last month's article on enforcing cut-through provisions, Peter Chaffetz and Steven Schwartz warn reinsurers to watch out for other issues that can arise when they grant cut-through rights.
Ahost of practical considerations can affect the way a cut-through provision operates in an insurance policy or reinsurance contract and whether it will have its intended effect. As most cutOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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