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    reinsurance

    reinsurance - 365bet中国官方网站 definition and meaning for word reinsurance

    Definition
    (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
    Example Sentence
    • reinsurance enables a client to get coverage that would be too great for any one company to assume
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