Question

what is a downgraded clause​

Answer 1

Answer:

A contract provision used by ceding insurers asking reinsurers, as part of their treaty agreement, to make adjustments to strengthen their balance sheet if a financial rating service lowers their financial rating.

Explanation:

Hope it helps you.

Answer 2

Answer:

Answer:A contract provision used by ceding insurers asking reinsurers, as part of their treaty agreement, to make adjustments to strengthen their balance sheet if a financial rating service lowers their financial rating.