REINSURE

reinsure

(verb) insure again by assuming all or a part of the liability of an insurance company already covering a risk

reinsure

(verb) insure again by transferring to another insurance company all or a part of a liability assumed

reinsure

(verb) provide additional insurance for

Source: WordNet® 3.1


Etymology

Verb

reinsure (third-person singular simple present reinsures, present participle reinsuring, simple past and past participle reinsured)

(transitive) To insure again (extending or replacing prior insurance).

(transitive) To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did).

Source: Wiktionary


Re`in*sure" (-shr"), 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 inssurance risk upon it. The innsurer may cause the property insured to be reinsured by other persons. Walsh.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

25 November 2024

ONCHOCERCIASIS

(noun) infestation with slender threadlike roundworms (filaria) deposited under the skin by the bite of black fleas; when the eyes are involved it can result in blindness; common in Africa and tropical America


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Coffee Trivia

In 1511, leaders in Mecca believed coffee stimulated radical thinking and outlawed the drink. In 1524, the leaders overturned that order, and people could drink coffee again.

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