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Reinsurance is the name given to:

An individual taking insurance for the second time
An insurer placing insurance with another insurer
When government by insurance policies for government employees
All the above

Correct Answer: An insurer placing insurance with another insurer

Explanation:

Reinsurance is insurance that is purchased by an insurance company from one or more insurance companies (the "reinsurer") directly or through a broker as a means of risk management.

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