In general, all of the following statements about Lloyd's of London are true except: A) members have unlimited personal liability B) individual members ("names") cooperate in groups known as syndicates C) if a syndicate is unable to pay its portion of a loss, the insured has the right to collect that unpaid portion from Lloyd's of London D) Lloyd's is not as preeminent in the insurance marketplace today as it once was

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If a syndicate is unable to pay its portion of a loss, Lloyd's of London is not responsible for the unpaid portion. The insured must seek payment from other syndicates or members within the same syndicate who have not reached their liability limit.

In General, All of the Following Statements About Lloyd's of London