"Lloyds" insurer defined.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Authorization of Insurers and General Requirements
  5. "Lloyds" insurer defined.

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A "Lloyds" insurer is an unincorporated but formally associated group of separate persons ("underwriters" or "underwriting syndicates") by whom an insurance risk is assumed in whole or part by one or more of such persons.

History: Laws 1984, ch. 127, § 73.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 46A C.J.S. Insurance § 1709 et seq.


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