Definition of reinsurance
: insurance by another insurer of all or a part of a risk previously assumed by an insurance company
From the M-W Editors
1705
First Known Use of reinsurance
1705
Law Dictionary
reinsurance
play
noun
re·in·sur·ance
\ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r-\
Legal Definition of reinsurance
: insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer — see also cede — compare direct insurance, retrocession 3
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See words that rhyme with reinsurance Britannica.com: Encyclopedia article about reinsurance
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