Used in Life Insurance terminology as a shortened term for non-forfeiture values. See Non-forfeiture Values.
Used in Life Insurance terminology as a shortened term for non-forfeiture values. See Non-forfeiture Values.
The original Insured has no legal rights under the contract between the Insurer and his reinsurer. The Cut Through Clause is a condition which guarantees payment to the original Insured even though he is not a party to the reinsurance contract between the Insurer and the reinsurer.


