英语词汇“assumption endorsement”的翻译、意思、用法、释义-英汉经管词典

单词	assumption endorsement
释义	assumption endorsement Definition An addition to an insurance policy that protects the policyholder in the event that the insurance company becomes insolvent. Under this endorsement, any part of a claim covered by a reinsurer is paid directly to the policyholder. This provision "cuts through" the usual route of a payment, in which the payment goes through the insolvent insurance company before reaching the policyholder. Also called cut through endorsement.
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