Cut Footer Contract For Free

through clause is a reinsurance contract provision that allows a party, other than the cedent and reinsurer, to have rights under the contract. Cutthrough clauses are often triggered by specific events, such as when a ceding company becomes insolvent.

Termination for cause applies only to commercial contracts. The Government may terminate all or portion of a commercial item contract for cause if the contractor fails to: Comply with contract terms and conditions; or. Provide the Government, upon request, with adequate assurances of future performance.

The Truth in Negotiation Act (TINA) currently requires offerors to certify that accurate, current, and complete cost or pricing data was disclosed to the government for negotiated procurements valued at $750,000 or more.

Cut Through Endorsement a reinsurance contract endorsement providing that, in the event of the cedent's insolvency, the reinsurer will pay any loss covered by the reinsurance contract directly to the insured. Also called an "assumption endorsement."

A ceding company is an insurance company that passes a portion or all of the risk associated with an insurance policy to another insurer. Ceding is helpful to insurance companies since the ceding company that passes the risk can hedge against undesired exposure to losses.

Effective immediately, this class deviation revises and supersedes Class Deviation 2022- O0001 issued on October 5, 2021. The revision is necessary to correct the TINA threshold expressed at 52.214-27 (DEVIATION) paragraph (a).

Termination clauses, also sometimes called severance clauses, are written into employment contracts. The clause provides a pre-set agreement on what will happen when the employee is terminated in terms of how much notice they get and/or what sort of payment they will receive.