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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

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