### Question
How does the law define reinsurance?


### Answer
Under *15 U.S.C. § 8223*, **reinsurance** is defined as:

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

#### Citation:
  - *15 U.S.C. § 8223*
  - Heading: **CHAPTER 108-STATE-BASED INSURANCE REFORM > SUBCHAPTER II-REINSURANCE**

