A newspaper reporter wrote that Lloyds of London is an
A newspaper reporter wrote that “Lloyds of London is an association that provides physical facilities and services to the members for selling insurance. The insurance is underwritten by various syndicates who belong to Lloyd’s.” Describe Lloyd’s of London with respect to each of the following:
a. Liability of individual members and corporations.
b. Types of insurance written.
c. Financial safeguards to protect insureds.

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