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Noah Webster's 1828 American Dictionary
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R  ›  reinsurance
R  ›  reinsurance
1828 Definition

REINSU'RANCE, n. [re and insurance. See Sure.]

An insurance of property already insured; a second insurance of the same property. Such reinsurance is permitted by the French commercial code; but in England is prohibited by statute, except when the first underwriter is insolvent.
1913 Definition
Reinsurance (reinsurance)
n.(-sh?r"ans)
Re`in*sur"ance
  1. Insurance a second time or again; renewed insurance.
  2. A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.

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