Lloyd's of London operates in the surplus lines and marine insurance markets. It is not an unincorporated, not-for-profit insurer, nor is it partly a mutual company and partly a stock company. While it does operate in London, it does not sell mainly homeowners insurance.

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Lloyd's of London

Question 33

Multiple Choice

Lloyd's of London:

A) is an unincorporated, not-for-profit insurer
B) is partly a mutual company and partly a stock company
C) sells mainly homeowners insurance to residents of London
D) operates in the surplus lines and marine insurance markets

Correct Answer: