What Does Reinsured Mean?

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What does Reinsured mean? Read on to discover the definition & meaning of the term Reinsured - to help you better understand the language used in insurance policies.

Reinsured

Reinsured

An insurance company is reinsured when it has purchased a reinsurance policy from a reinsurance company. Insurance companies buy this kind of insurance as a precautionary measure to make sure that all of their risks, not just those of their policyholders, are adequately covered.

We hope the you have a better understanding of the meaning of Reinsured.

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