Lloyd's Market Association Bulletin

LMA23-023-RM | 15 August 2023

LMA Model Commercial Equine Policy (Australia) updated

The LMA Bloodstock/Livestock Committee has completed an update to the commercial equine policy wording for Australia. The update includes language and format changes that had been implemented on other equine wordings during 2020 and 2021.

In view of the arrangements in place to do business in this country, two documents have been created; an open market policy wording (LMA3175) and a binder business version (LMA3176).

All LMA model documents are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers, and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. These documents are available on the Lloyd’s Wordings Repository  (LWR).

Ron Monfries
Executive, Technical Underwriting