Persons entitled
- The American Trustee,All Policyholders (As Defined),Lloyd's,the Premium Trustees and the Other
Amount secured
All losses claims returns of premiums reinsurance premiums expenses and other outgoings and all liabilities incurred or arising or which may at any time be incurred or arise in connection with the american business of the company being the underwriting business of the company at lloyd's other than long term business (as defined in the insurance companies act 1982) where (1) the liability of the company in respect of such business is expressed in united states dollars; and (2) the premium payable to or for the account of the company has been paid or is payable in united states dollars; excluding all such business as comprises any contract or policy of insurance or reinsurance underwritten or incepting on or after 1 august 1995 except for (a) contracts or policies underwritten under a binding authority incepting prior to that date (b) contracts or policies constituting situs reinsurance or situs surplus lines insurance and (c) contracts or policies of insurance written pursuant to lloyd's licence in kentucky and for securing transfers to us trust funds and to the fund held subject to the provisions of the lloyd's premiums trust fund and the other amounts and obligations referred to in the trust deed
Short particulars
All premiums and other moneys payable during the trust term to or for the account of the company in connection with the american business all other assets from time to time transferred to the american 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.) to be held by it as part of the property held in trust under the trust deed and all income arising from the above premiums moneys and assets and other property referred to in the trust deed.