The least amount of premium for which a policy or coverage may be issued or initiated.
The least amount of premium for which a policy or coverage may be issued or initiated.
A Society of insurance Underwriters based in London, Lloyd’s of London takes its title from a coffeehouse run by a Mr. Edward Lloyd. The coffeehouse was frequented habitually by private insurance Underwriters during the 18th century. The foundation of the Society of Lloyd’s was established in an agreement dated December 13, 1771.