17B:18-62. 'Reinsurance' defined 'Reinsurance' is a contract under which an originating insurer, called the 'ceding insurer' , procures insurance for itself in another insurer, called the 'assuming insurer,' with respect to part or all of an insurance risk of the originating insurer. L.1971, c. 144, s. 17B:18-62.
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