Lloyd's Market Association Bulletin

LMA23-034-SR | 08 November 2023

Lloyd’s Faster Claims Payment (FCP) BAA and DCAA Endorsements

BAA and DCAA endorsements and market guidance have been updated for Faster Claims Payment (FCP).

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).

Sebastian Rolf 
Senior Executive, Claims