Role of the Panel
The role of the Contingency Business Panel is to identify issues considered to be of interest or concern to LMA Members, for discussion within the Panel and/or referral, as appropriate, to the relevant LMA Standing Committee and/or the LMA Secretariat. The panel also responds to requests from the Non-Marine Committee (NMC), the LMA Secretariat and other LMA Committees and Groups for advice and recommendations on issues.
Other works includes:
- liaising with the NMC to develop or revise policy wordings or clauses for adoption as LMA accredited wordings, establishing working groups as necessary to undertake this work
- liaising with the NMC, to undertake other technical activities, establishing working groups as necessary to undertake this work
- providing a forum for exchange of views and information between market practitioners
- Pool Re.
The business scope of the panel is Contingency Insurance and this includes issues connected to the following Lloyd’s Risk Code classifications: PC, PF, PN, PU, PZ and 4T.
LMA Competition Law Guidance
Lloyd's Wordings Repository