§33-1-11. Reinsurance.
28 words·~1 min read·
/wv/chapter-33-insurance/article-1-definitions/33-1-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Reinsurance is a contract of indemnity against liability by which an insurer procures another insurer to insure it against loss or liability by reason of the original insurance.