Kentucky Statutes 304.3-040 – “Lloyd’s Plan” insurer defined
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A “Lloyd’s Plan” insurer is an unincorporated association of persons or associations of persons, designated as “underwriters” who transact an insurance business as insurers in this state through an attorney-in-fact under the name “Lloyd’s” or under a “Lloyd’s Plan” of operation.
Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 93, sec. 15, effective July 15, 1994. — Created
1970 Ky. Acts ch. 301, subtit. 3, sec. 4, effective June 18, 1970.
Effective: July 15, 1994
Terms Used In Kentucky Statutes 304.3-040
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
History: Amended 1994 Ky. Acts ch. 93, sec. 15, effective July 15, 1994. — Created
1970 Ky. Acts ch. 301, subtit. 3, sec. 4, effective June 18, 1970.