Fund from which losses are paid for the insolvent members of lloyd's of london. Each year, members of Lloyd's of London contribute a percentage of their premium volume to this fund to act as a reserve for losses that insolvent members are unable to pay. See also Guaranty Fund (Insolvency Fund).
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 | Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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