General Insurance Principles第 190 / 474 题
In an insurance course, Lloyd's of London is best described as:
a.a marketplace where syndicates of members underwrite risks
b.a single large insurer that issues its own policy contracts
c.a regulator that licenses insurers doing business overseas
d.a reinsurer that accepts only risks other insurers refused
解析
Lloyd's does not assume risk itself. It provides the market, the framework and the financial safeguards, while individual and corporate members grouped into syndicates accept the risks, which is why the answer calling it one large insurer is wrong. Lloyd's associations write both direct insurance and reinsurance, and they license nobody.
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