### Question
How is the term reinsurance defined?


### Answer
The term **reinsurance** is defined in *15 U.S.C. § 8206* as the following:

> the assumption by an insurer of all or part of a risk undertaken originally by another insurer

#### Citation:
  - *15 U.S.C. § 8206*
  - Heading: **CHAPTER 108-STATE-BASED INSURANCE REFORM > SUBCHAPTER I-NONADMITTED INSURANCE**

