In General, All of the Following Statements About Lloyd's of London

question 11

Multiple Choice

In general, all of the following statements about Lloyd's of London are true except:

• A) members have unlimited personal liability
• B) individual members ("names") cooperate in groups known as syndicates
• C) if a syndicate is unable to pay its portion of a loss, the insured has the right to collect that unpaid portion from Lloyd's of London
• D) Lloyd's is not as preeminent in the insurance marketplace today as it once was

---

Definitions:

Delivery

The action of conveying or handing something over to a recipient or the manner in which someone speaks or presents information.

Effective Proofreading

The careful reading and correction of texts to ensure they are free of errors and clearly communicate their intended message.

Online

Connected to or available through the internet or an intranet.

Distributing

The act of spreading or handing out materials, information, or products to a wide audience.