Hypertext Webster Gateway: "reinsurance"
From Webster's Revised Unabridged Dictionary (1913) (web1913)
Reinsurance \Re`in*sur"ance\ (-sh?r"ans), n.
1. Insurance a second time or again; renewed insurance.
2. A contract by which an insurer is insured wholly or in
part against the risk he has incurred in insuring somebody
else. See {Reassurance}.
From WordNet (r) 1.7 (wn)
reinsurance
n : 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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