Definition of "reinsure"
  1. The process of taking on an existing insurance policy from another insurer, thereby assuming the responsibility for the policy
How to use "reinsure" in a sentence
  1. The company decided to reinsure the liability policy to mitigate potential financial risk.
  2. Upon consideration, the firm chose to reinsure their high risk clients' policies to share the burden with another entity.
  3. After a series of large-scale disasters, the insurance firm sought to reinsure some of its policies to spread out the financial impact.

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