### Question
What does policy of reinsurance mean?


### Answer
**Policy of reinsurance** has the following meaning in *26 U.S.C. § 4372*:

> any policy or other instrument by whatever name called whereby a contract of reinsurance is made, continued, or renewed against, or with respect to, any of the hazards, risks, losses, or liabilities covered by contracts taxable under paragraph (1) or (2) of section 4371

#### Citation:
  - *26 U.S.C. § 4372*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 34-POLICIES ISSUED BY FOREIGN INSURERS**

