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English to English noun
| 1 |
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 |  | Example: reinsurance enables a client to get coverage that would be too great for any one company to assume
source: wordnet30
| 2 |
Insurance a second time or again; renewed insurance. | | source: webster1913
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