Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- transitive verb To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company.
from The Century Dictionary.
- To insure again: insure a second time and take the risks, so as to relieve another or other insurers. Also
reassure .
from the GNU version of the Collaborative International Dictionary of English.
- transitive verb To insure again after a former insuranse has ceased; to renew insurance on.
- transitive verb To insure, as life or property, in favor of one who has taken an insurance risk upon it.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb To
insure again (extending or replacing priorinsurance .) - verb To place
insurance on the contract thatinsures something (allowing theinsurer to offsetrisk in the same way the insuree did).
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- verb insure again by transferring to another insurance company all or a part of a liability assumed
- verb insure again by assuming all or a part of the liability of an insurance company already covering a risk
- verb provide additional insurance for
Etymologies
Sorry, no etymologies found.
Examples
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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.
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Do you "reinsure" annuity contracts with insurance companies?
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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."
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"And some of them may not even want to reinsure businesses in Australia and New Zealand," Mr. O'Halloran added.
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In turn health insurers must be able to reinsure their catastrophic risk at an appropriate level in financially sound markets.
Health Insurance Idea, Arnold Kling | EconLog | Library of Economics and Liberty
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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.
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The third would have the government "reinsure" some mortgage investments that are already guaranteed by private insurers.
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And Lloyd's of London announced it would not insure or reinsure petroleum shipments going into Iran.
European oil companies pledge to end oil investment in Iran over nukes program
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However, now government involvement would also morph into an explicit guarantee to reinsure private label mortgages.
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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.
Health Insurance Idea, Arnold Kling | EconLog | Library of Economics and Liberty
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