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Reinsurance

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

A contract of reinsurance ls one by which an insurer procures a third person to insure him against loss or liabllity by reason of such original insurance.

Civ. Code Cal. § 2646. And see Pcople v. Mlller, 177 N. Y. 515, 70 N. E. 10; Iowa I Ins. Co. v. Eastern Mut. L. Ins. Co., 64 N. J-Law, 340, 45 Atl. 762; Chalaron v. Insurance Co., 48 La. Ann. 1582, 21 South. 267, 36 I. R. A. 742; Philadelphia His. Co., v. Washington Ins. Co., 23 Pa. 253.