sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
French language
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reinsurance::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | insurance |
| Derivation | reinsure |
reinsurance enables a client to get coverage that would be too great for any one company to assume.
