assume Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: assume
assume

to accept by a reinsurer , part or all of a risk transferred to it by a primary insurer or another reinsurer.

See also reinsurance , cede
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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