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Question: ________ means insuring again.

Options:

  1.  General insurance
  2.  Reinsurance
  3.  Coinsurance
  4.  Double insurance

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1 Answer

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ago by (182k points)
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Best answer

2. Reinsurance

Reinsurance means insuring again.


More information:

Reinsurance is a form of insurance that an insurance company purchases from another insurance company to mitigate risk from the risk of a major claims event.

It is popularly known as 'Insurance for Insurers' or 'Stop-loss Insurance'.

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