ABSTRACT
In London, insurance policies may be written in the London Company Market or at Lloyd's. The administrative bureau processing details of the risks written under the auspices of the International Underwriting Association (IUA) is the London Processing Centre (LPC). A binding authority agreement can also be used to give a coverholder the authority to issue insurance documents on behalf of Lloyd's syndicates. Insurance contracts may also contain a 'follow settlements' clause Insurance documents include certificates of insurance, temporary cover notes and other documents acting as evidence of contracts of insurance. The relevant clause of the policy provided: All alterations, additions, deletions, extensions, agreements, rates and changes in conditions to be agreed by the Leading Lloyd's Underwriter and Leading Company Underwriter only. Business is conducted face-to-face between brokers and underwriters in the Underwriting Room in the Boxes where the underwriters have seats and meet the brokers who bring risks to them.
