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Assumption Certificate |
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Assumption Certificate A guarantee from a reinsurance company that it will pay for losses from an insured event if the original insurance company fails to do so. It provides the assumption certificate even though it does not bear a contractual relationship directly with policyholders. An assumption certificate is also called a cut-through endorsement. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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