### Question
What is the definition of reinsurance?


### Answer
The definition of **reinsurance** is as follows in *15 U.S.C. § 8206*:

> 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**

