The most difficult de facto scenario is a cut-off provision that is more than a deviation of the proceeds to be paid to the original insurer; This is an action that terminates the action taken by the original insurer and the corresponding indemnification obligation of the reinsurer, expires or terminates, and creates an (economically equivalent) obligation of reimbursement of the reinsurer in favour of the original insured (possibly on the condition precedent that the original insured withdraws his rights from the original insurer). A cut-off clause is a competitive instrument allowing the reinsurer to cover a certain type of reinsurance activity. However, it may also be possible to obtain a cut-through endorsement that can help reinsurers who are not licensed in a given area to offer reinsurance. . . .