Definitions for: Reinsure

[v] insure again by assuming all or a part of the liability of an insurance company already covering a risk
[v] insure again by transferring to another insurance company all or a part of a liability assumed
[v] provide additional insurance for

Webster (1913) Definition: 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.

See Also: cover, insure, insure, underwrite

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