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Reinsurance

Reinsurance a transaction between a primary insurer and another licensed (re) insurer where the reinsurer agrees to cover all or part of the losses and/or loss adjustment expenses of the primary insurer. The assumption is in exchange for a premium. Indemnification is on a proportional or non proportional basis. What is Reinsurance , What does mean Reinsurance , Insurance Guide, Insurance Glossary

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