| Definition of 'reinsurance' |
Princeton's WordNet |
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1. (noun) reinsurance
sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
"reinsurance enables a client to get coverage that would be too great for any one company to assume"
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| Definition of 'reinsurance' |
Webster Dictionary |
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1. (noun) reinsurance
insurance a second time or again; renewed insurance
2. (noun) reinsurance
a contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance
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Definitions of reinsurance 
