Lloyd's : law and practice /

Burling, Julian M.,

Lloyd's : law and practice / Julian Burling, LL B (Cantab), Barrister of the Middle Temple and Gray's Inn formerly Counsel to Lloyd's ; with a contribution from David Clissitt. - xxxvi, 583 pages : forms ; 26 cm

Includes bibliographical references and index.

An overview of the current Lloyd's market -- A brief history of the Lloyd's market -- Lloyd's : a statutory body -- Members and membership of Lloyd's -- Regulation of lloyd's market under FSMA -- Syndicates (1): structure and participation -- Syndicates (2): standard agency agreements -- Managing agents -- Members' agents -- Lloyd's brokers and other agents of the assured -- Placing and accepting insurance at Lloyd's : open market business -- Delegated underwriting -- Claims process at Lloyd's -- Accounting and payment of premiums and claims -- Supervision of underwriting at Lloyd's -- Capital requirements -- Financial resources at Lloyd's (1) : syndicate level -- Financial resources at Lloyd's (2) : member level "funds at Lloyd's" -- Financial resources at Lloyd's (3) : the central fund and other central assets -- Solvency test -- Accounts and reporting -- Taxation of members -- FSMA part vii : insurance business transfers to or from members of Lloyd's -- Enforcement -- Dispute resolution -- Regulation of members of Lloyd's overseas -- Agency department -- Insolvency procedures -- The "Lloyd's litigation".

9781843119555 (hbk.) 1843119552 (hbk.) 9781315890173 (ebk.)

2013009724


Lloyd's (Firm)


Insurance exchanges--Law and legislation--Great Britain.

KD1862 / .B87 2014

368/.0120604212 / BUR

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