Lloyd's insurance

Lloyd's insurance
Under this type of insurance, insurers are such as individuals and not as a corporate insurance company and the liability for loss is several and not joint. Jones v. Hollywood Style Shop, Tex.Civ. App., 62 S.W.2d 167.
The "Lloyd's' Plan," contemplates individual liability of the several underwriters. Harris v. Prince, 132 Tex. 231, 121 S.W.2d 983, 986.

Black's law dictionary. . 1990.

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  • Lloyd's insurance — Under this type of insurance, insurers are such as individuals and not as a corporate insurance company and the liability for loss is several and not joint. Jones v. Hollywood Style Shop, Tex.Civ. App., 62 S.W.2d 167. The Lloyd s Plan,… …   Black's law dictionary

  • Lloyd's — [lɔɪdz] noun INSURANCE ORGANIZATIONS an insurance market based in London where member S (= specialized people and companies) insure the risks of financial, manufacturing, shipping, oil, and other organizations. Each group of members is… …   Financial and business terms

  • Lloyd's of London — Lloyd s (of London) UK US noun ► INSURANCE an organization in the UK whose members sell insurance, originally especially for ships: »In the 1990s a series of natural disasters severely damaged Lloyd s insurance market …   Financial and business terms

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • Lloyd’s syndicate — /lɔɪdz sɪndɪkət/ noun a group of underwriters on the Lloyd’s insurance market, made up of active underwriters who arrange the business and non working underwriters (called ‘names’) who stand surety for any insurance claims which may arise …   Dictionary of banking and finance

  • Lloyd's of London — Insurance marketing association in London, specializing in high risk insurance services. Its history dates to 1688, when Edward Lloyd kept a London coffeehouse where merchants, seafarers, and marine insurance underwriters met to transact business …   Universalium

  • Insurance in the United States — refers to the market for risk in the United States of America. Some main features of insurance could be said to be, *the benefit provided by a particular kind of indemnity contract, called an insurance policy; *that is issued by one of several… …   Wikipedia

  • Lloyd's — Lloyd s, n. 1. An association of underwriters and others in London, for the collection and diffusion of marine intelligence, the insurance, classification, registration, and certifying of vessels, and the transaction of business of various kinds… …   The Collaborative International Dictionary of English

  • Lloyd's agents — Lloyd s Lloyd s, n. 1. An association of underwriters and others in London, for the collection and diffusion of marine intelligence, the insurance, classification, registration, and certifying of vessels, and the transaction of business of… …   The Collaborative International Dictionary of English

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