To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company.(verb-transitive)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "reinsure" in a sentence
"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.""