 reinsurance |
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| 1. | [ noun ] (finance) 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 | |
| Examples: | "reinsurance enables a client to get coverage that would be too great for any one company to assume" |
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| Related terms: | insurance reinsure | |
| Similar spelling: |
reinsure |
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