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reinsuremore about reinsure

reinsure


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Reinsure  \Re`in*sure"\  (-sh?r"),  v.  t. 
  1.  To  insure  again  after  a  former  insuranse  has  ceased;  to 
  renew  insurance  on 
 
  2.  To  insure,  as  life  or  property,  in  favor  of  one  who  has 
  taken  an  insurance  risk  upon  it 
 
  The  innsurer  may  cause  the  property  insured  to  be 
  reinsured  by  other  persons.  --Walsh. 
 
  From  WordNet  r  1.6  [wn]: 
 
  reinsure 
  v  1:  provide  additional  insurance  for 
  2:  insure  again  by  transferring  to  another  insurance  company 
  all  or  a  part  of  a  liability  assumed 
  3:  insure  again  by  assuming  all  or  a  part  of  the  liability  of 
  an  insurance  company  already  covering  a  risk 




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