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reinsurance
noun
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…
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noun
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
“reinsurance enables a client to get coverage that would be too great for any one company to assume”
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reinsurance enables a client to get coverage that would be too great for any one company to assume