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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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-5-6. “Lloyds” insurer defined - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-5-6.html
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