Meaning of reinsure

re•in•sure

Pronunciation: (rē"in-shoor', -shûr'), [key]
— -sured, -sur•ing.
  1. to insure again.
  2. to insure under a contract by which a first insurer is relieved of part or all of the risk, which devolves upon another insurer.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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