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Definition of Reinsure
1. Verb. Provide additional insurance for.
2. Verb. Insure again by transferring to another insurance company all or a part of a liability assumed.
3. Verb. Insure again by assuming all or a part of the liability of an insurance company already covering a risk.
Definition of Reinsure
1. v. t. To insure again after a former insuranse has ceased; to renew insurance on.
Definition of Reinsure
1. Verb. To insure again (extending or replacing prior insurance.) ¹
2. Verb. To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did). ¹
¹ Source: wiktionary.com
Definition of Reinsure
1. insure [v -SURED, -SURING, -SURES] - See also: insure
Lexicographical Neighbors of Reinsure
Literary usage of Reinsure
Below you will find example usage of this term as found in modern and/or classical literature:
1. Hayden's Annual Cyclopedia of Insurance in the United States (1904)
"... allowing receivers of insolvent life companies to reinsure their business.
MAINE. There were no changes effected in the insurance laws. ..."
2. The Law of Insurance, Fire, Life, Accident, Guarantee by William A. Kerr (1902)
"see;72 and in Ohio.73 In Missouri it has been held that the power to reinsure
does not authorize the transfer of all risks and property and the closing up ..."
3. On Receivers in Equity and Under the New York Code of Procedure: With Precedents by Charles Edwards (1857)
"reinsure Risks. A receiver of an insolvent Insurance Company may cancel policies,
with the assent of the assured, and refund proportional parts of premiums ..."
4. Report of the Joint Committee of the Senate and Assembly of the State of New by Edwin A. Merritt, Edwin A. Merritt, Jr (1911)
"Some companies do no reinsurance except when they have a particular risk they
want to reinsure, whrn they go out in the offices and see if they can reinsure ..."
5. Consolidated supplement to the codes and general laws of the state of ...by California, James Henry Deering by California, James Henry Deering (1919)
"An act to provide how fraternal benefit societies organized under the laws of
this state may consolidate, merge or reinsure to their insurance risks, ..."
6. Lawyers' Reports Annotated by Lawyers Co-operative Publishing Company (1905)
"The contract, according to the stipulation, was that "defendant agreed to and
did reinsure plaintiff In said sum ($1000), and did agree to issue to it a ..."