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Definition of reinsure
transitive verb
1 : to insure again by transferring to another insurance company all or a part of a liability assumed
2 : to insure again by assuming all or a part of the liability of an insurance company already covering a risk
intransitive verb
: to provide increased insurance
reinsurer
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First Known Use of reinsure
1702
REINSURE Defined for English Language Learners
reinsure
play
verb
Definition of reinsure for English Language Learners
-
: to insure (something) again so that the insurance is shared by more than one company
Law Dictionary
reinsure
play
transitive verb
re·in·sure
\ˌrē-ən-ˈshu̇r\
Legal Definition of reinsure
: to insure again : transfer or assume (liability) through reinsurance frequently reinsure part of their exposure — R. I. Mehr
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