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1. reinsurance
noun.
(ˌriːɪnˈʃʊrəns)
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.
Synonyms
insurance
Etymology
reinsurance (English)
insurance (English)
re- (English)
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