Section 59A-5-6 - "Lloyds" insurer defined.

NM Stat § 59A-5-6 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

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