Cut Through Clause

It is understood and agreed that if so required by the Original Assured, the Reinsurers shall pay directly to the Original Assured that proportion of any claim due to the Original Assured from the Reassured which represents the liability of the Reinsurers to the Reassured under the terms of the policy, whereby Reinsurers can act independently. It being agreed that such payment by the Reinsurers to the said Original Assured shall fully discharge and release the Reinsurers from any and all further liability in connection with such claim and providing any such payments are in full compliance with any legislation.