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Reinsurance

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Definitions of Reinsurance
Pronunciation : Re`in*sur"ance (-shr"ans)
Part of Speech : n.
Definition : 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.
Source : Webster's Unabridged Dictionary, 1913

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