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Re-insurance
Re-insuranceMaritime law, contracts. An insurance made by a former insurer, his executors, administrators, or assigns, to protect himself and his estate from a risk to which they were liable by the first insurance. RELATED TERMS-------------------------------------- Maritime That which belongs to or is connected with the sea. Law A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system. Insurance Contracts. It is defined to be a contract of indemnity from loss or damage arising upon an uncertain event. Insurer Contracts. One who has obliged himself to insure the safety of another's property, in consideration of a premium paid, or secured to be paid, to him. Assigns Contracts. Those to whom rights have been transmitted by particular title, such as sale, gift, legacy, transfer, or cession. Estate A right or interest in property or the property of a deceased person. Risk A danger, a peril to which a thing is exposed. The subject will be divided by considering, 1. Risks with regard to insurances. 2. Risks in the contracts of sale, barter. Were The name of a fine among the Saxons imposed upon a murderer Liable Legally responsible. SIMILAR TERMS-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- Rehabilltation The act by which a man is restored to his former ability, of which he had been deprived by a conviction, sentence or judgment of a competent tribunal. Rehearing A second consideration which the court gives to a cause, on a second argument. Rei interventus When a party is imperfectly bound in an obligation, he may in general, annul such imperfect obligation; but when he has permitted the opposite party to act as if his obligation or agreement were complete, such things have intervened as to deprive him of the right to rescind such obligation; these circumstances are the rei interventus. Reimbursement A fixed amount stated in a judgment which would order the defendant to pay back to the government welfare which the government paid on behalf of the child. Reinsurance Refers to the insuring of a risk or part of a risk, by the principal insurer with another insurer known as the reinsurer. In other words, it is insurance of all or part of one insurer's risk by a second insurer, who accepts the risk in exchange for a percentage of the original premium. Re-insurance Reissuable notes Bank notes, which after having been once paid, may again be put into circulation, are so called. Rejoinder Pleadings. The name of the defendant's answer to the plaintiff's replication. Relapse The condition of one who, after having abandoned a course of vice, returns to it again. Relation 1) Civil law. The report which the judges made of the proceedings in certain suits to the prince were so called. 2) Contracts, construction. When an act is done at one time, and it operates upon the thing as if done at another time, it is said to do so by relation. Relations Kindred. In its most extensive signification, this term includes all the kindred of the person spoken of. In a more limited sense, it signifies those persons who are entitled as next of kin under the statute of distribution. We thank you for using the Juridical Dictionary to search for Re-insurance. If you have a better definition for Re-insurance than the one presented here, please let us know by making use of the suggest a term option. This definition of Re-insurance may be disputed by other professionals. Our attempt is to provide easy definitions on Re-insurance and any other medical topic for the public at large.
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