Which of the following statements about Lloyds of London (are)true?
I.The majority of the business underwritten by Lloyds of London is for unusual risks,such as valuable race horses and professional athletes.
II.Lloyds of London is a group of underwriters who underwrite insurance,not an insurance company.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Lloyds of London is not an insurance company but a marketplace where underwriters come together to underwrite insurance. While they do cover unusual risks, the majority of their business is not limited to such risks.

Which of the Following Statements About Lloyds of London (Are)true