Definition of Riensurance
Re`in*sur"ance (-sh?r"ans), n.
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.
- Webster's Unabridged Dictionary (1913)
- Insurance purchased by insurance companies that spreads the risk accociated with selling insurance around so the danger of one large monetary loss is minimized.
- The Nuttall Encyclopedia
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The correct Spelling of this word is: Reinsurance
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