Cut-through clause

Portuguese translation: Cláususla de Pagamento Direto

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Cut-through clause
Portuguese translation:Cláususla de Pagamento Direto
Entered by: Andre Lange (X)

18:45 Oct 17, 2017
English to Portuguese translations [PRO]
Bus/Financial - Insurance
English term or phrase: Cut-through clause
A reinsurance contract provision that allows a party other than the ceding company and reinsurance company to have rights under the agreement. Cut-through clauses are often triggered by specific events, such as when a ceding company becomes insolvent.
Andre Lange (X)
Brazil
Local time: 14:18
Cláususla de Pagamento Direto
Explanation:
CUT-THROUGH / PAGAMENTO DIRETO Disposição do contrato de resseguro em que a Resseguradora, em caso de inadimplência da Seguradora, fica autorizada a indenizar sinistros cobertos diretamente ao segurado ou beneficiário.

http://cnseg.org.br/cnseg/mercado/resseguro/glossario/
Selected response from:

Jane Rezende
Brazil
Local time: 14:18
Grading comment
Obrigado!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2Cláususla de Pagamento Direto
Jane Rezende
4cláusula de contragarantia
Maria Teresa Borges de Almeida


  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
cut-through clause
Cláususla de Pagamento Direto


Explanation:
CUT-THROUGH / PAGAMENTO DIRETO Disposição do contrato de resseguro em que a Resseguradora, em caso de inadimplência da Seguradora, fica autorizada a indenizar sinistros cobertos diretamente ao segurado ou beneficiário.

http://cnseg.org.br/cnseg/mercado/resseguro/glossario/

Jane Rezende
Brazil
Local time: 14:18
Works in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 4
Grading comment
Obrigado!

Peer comments on this answer (and responses from the answerer)
agree  Davidson G O Fatima
7 mins
  -> tks!

agree  Mario Freitas:
1 hr
  -> obrigada!
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25 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
cut-through clause
cláusula de contragarantia


Explanation:
Diria assim em PT(pt), espero que seja útil...

Ver IATE

Domain Insurance
Domain note reinsurance
en
Definition
a clause in a reinsurance policy stating that in the case of the ceding insurer's insolvency,the reinsurer will be liable for his share of a loss to the insured instead of to the ceding insurer's liquidator
Definition Ref.
Gerling Konzern

Term cut-through clause
Reliability
3 (Reliable)
Term Ref.
Gerling Konzern
Date
24/09/2003

pt
Term cláusula de contragarantia
Reliability
3 (Reliable)
Term Ref.
C.Pereira,Instituto de Seguros de Portugal,1993
Date
24/09/2003

Maria Teresa Borges de Almeida
Portugal
Local time: 17:18
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 72
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