Lloyd’s Market Association Bulletin
The LMA’s Contingency Business Panel has published three new model exclusions for use with event cancellation and non-appearance policies:
Please note that LMA5673, LMA5674 and LMA5675 should not be used in conjunction with LMA5594A, Riot and Civil Commotion Extension Endorsement.
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. Model documents are available on the Lloyd’s Wordings Repository (LWR).
Toby Clark
Executive, Technical Underwriting
toby.clark@lmalloyds.com