Outrageously Funny Word Dictionary :: Reinsured

👉 Reinsured is a term used in the insurance industry to describe an individual or entity who has been designated by their insurer as having some level of risk or responsibility for paying out claims on behalf of the insured. This can include liability, property damage, medical expenses, and other types of losses that may occur during the course of an insurance policy. In a reinsured context, the insurer typically provides financial protection to the reinsurer in exchange for a premium payment.

reinsured