What does Lloyds Central Fund mean? Read on to discover the definition & meaning of the term Lloyds Central Fund - to help you better understand the language used in insurance policies.
Lloyds Central Fund
A fund to protect policyholders in case any underwriting member should be unable to meet his or her liabilities out of Syndicate Trust Funds, funds deposited at Lloyd's, reserves, and personal assets outside of Lloyd's. Every Lloyd's member makes an annual contribution to this fund.
We hope the you have a better understanding of the meaning of Lloyds Central Fund.