from The American Heritage® Dictionary of the English Language, 4th Edition
- transitive v. To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- v. To insure again (extending or replacing prior insurance.)
- v. To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did).
from the GNU version of the Collaborative International Dictionary of English
- transitive v. To insure again after a former insuranse has ceased; to renew insurance on.
- transitive v. To insure, as life or property, in favor of one who has taken an insurance risk upon it.
from The Century Dictionary and Cyclopedia
- To insure again: insure a second time and take the risks, so as to relieve another or other insurers. Also reassure.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- v. insure again by transferring to another insurance company all or a part of a liability assumed
- v. insure again by assuming all or a part of the liability of an insurance company already covering a risk
- v. provide additional insurance for
Sorry, no etymologies found.
Do you "reinsure" annuity contracts with insurance companies?
Data on the number of charities with distressed reserve funds are hard to come by, but insurance consultants report an increased number of groups seeking to "reinsure" their obligations with outside firms.
The new law allows nonprofit organizations to "reinsure" charitable gift annuities in contrast to having to maintain a reserve fund, which in the past was the way gift annuities were "backed."
The U.S. government responded in 2002 by making the offer of terrorism coverage mandatory in most property-insurance contracts, and agreed to reinsure the risk.
The third would have the government "reinsure" some mortgage investments that are already guaranteed by private insurers.
However, now government involvement would also morph into an explicit guarantee to reinsure private label mortgages.
Have the government take its task of social insurance seriously, and reinsure private insurers and HMOs: construct a 'premium rebate' pool to pay annual health-care bills over $50,000.
In turn health insurers must be able to reinsure their catastrophic risk at an appropriate level in financially sound markets.
"And some of them may not even want to reinsure businesses in Australia and New Zealand," Mr. O'Halloran added.
And Lloyd's of London announced it would not insure or reinsure petroleum shipments going into Iran.
Wordnik is becoming a not-for-profit! Read our announcement here.