The right of a beneficiary to receive, in one sum, the unpaid payments remaining under an installment option which was selected for the settlement of the proceeds or values of a Life Insurance policy.
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Agents of the Corporation of Lloyd’s whose primary duty is to keep Lloyd’s informed of shipping movements, casualties and other matters of interest to Insurers and the commercial community. It has become customary for Underwriters and Insurance Companies to utilise the services of Lloyd’s Agents in connection with surveys of damaged vessels and cargo.