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Meaning of REINSURE

Pronunciation:  `reein'shûr

WordNet Dictionary
 
 Definition: 
  1. [v]  insure again by assuming all or a part of the liability of an insurance company already covering a risk
  2. [v]  insure again by transferring to another insurance company all or a part of a liability assumed
  3. [v]  provide additional insurance for
 
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 See Also: cover, insure, insure, underwrite

 

 

Webster's 1913 Dictionary
 
 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.

 

 

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