Word Study
reinsure
CIDE DICTIONARY
reinsure, v. t.
- To insure again after a former insuranse has ceased; to renew insurance on. [1913 Webster]
- To insure, as life or property, in favor of one who has taken an insurance risk upon it. [1913 Webster]"The innsurer may cause the property insured to be reinsured by other persons." [1913 Webster]
OXFORD DICTIONARY
reinsure, v.tr. & intr. insure again (esp. of an insurer securing himself by transferring some or all of the risk to another insurer).
Derivative
reinsurance n. reinsurer n.
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