Wordings

All wordings produced by the LMA can be accessed from the Lloyd's Wordings Repository.

The Repository - searchable by reference, market, class of business, jurisdiction or language - enables you to view vetted policy wordings and clauses regularly used within the London market.

Staff working at Lloyd's managing agents (LMA members) are entitled to access the Repository free of charge. If you are a member and require a login to access this resource, please email chris.kent@verisk.com.

Recently issued wordings

Recently issued wordings include:

 LMA9116 - Conduct Risk Product Information for Followers On Binding Authorities
 LMA9116 - Guidance Notes
   

All wordings published in 2016 and 2015 can be found below:

 Wordings published in 2016
 Wordings published in 2015 

 

Use of wordings and clauses

From time to time, the LMA publishes 'LMA' referenced (prior to 2003 'NMA' referenced) wordings and clauses 'endorsed' by the Non Marine Committee as model clauses. These models are therefore purely illustrative and distributed for the guidance of its members, who are free to agree to different conditions or amend as they see fit. The LMA does not publish written guidelines with regard to application or intent of any specific contractual terms (unless use of such contractual terms would constitute a breach or potential breach of any law or regulation) and we therefore cannot release any clause drafting history for LMA or NMA wordings. The LMA (including all panels and working groups) in drafting such clauses operates under strict terms of reference to ensure, amongst other things, compliance with Competition Law and it is for underwriters to decide whether or not any contractual language is acceptable on any given risk.