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Definition of Reinsurance
1. Noun. 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"
Definition of Reinsurance
1. n. Insurance a second time or again; renewed insurance.
Definition of Reinsurance
1. insurance [n -S] - See also: insurance