Persons entitled
- The Trustee, Lloyd's, the Agent and All Policyholders (As Defined)
Amount secured
The payment of losses (including claims for the return of unearned premium) under contracts or policies of insurance incepting on or after 1 august 1995 underwritten by a member or members of lloyd's or in respect of which a member or members of lloyd's is or are liable issued to a policyholder pursuant to surplus lines or excess lines laws of any united states jurisdiction providing insurance with respect to property or risks situated in a state district territory commonwealth or possession of the united states (an american policy) the aggregate gross liabilities of the member or members of lloyd's under american policies all expenditures and fees of the trustee (as defined in the trust deed and being as at the date thereof citibank N.A. of 10011 wall street new york U.S.A.) repayment of cash or securities advanced by the trustee to the trust held under the provisions of the trust deed and certain transfers by the trustee to an overseas fund (as defined in the trust deed) or to the superintendent of insurance of the state of new york or other designated receiver and the other amounts and obligations referred to in the trust deed
Short particulars
The principal at any time but excluding the investment income from time to time earned there on (both capitalised terms having the meaning given thereto in section 11-2.1(b) of the new york estates powers and trusts law) and the property in the actual and sole possession of the trustee (or held by the trustee in the name of a nominee at any time and held under the provisions of the trust deed allocable to the particular trust created by the company with respect to the particular year of account of the relevant syndicate and cash drawn down on any letter of credit at any time and held as an asset of the fund held under the provisions of the trust deed and other property referred to in the trust deed.