Persons entitled
- The Trustee, Lloyd's, the Kentucky Attorney-in-Fact for Underwriters, All Policy Holders Andcertain Other Persons or Bodies (As Further Defined on Form M395)
Amount secured
(A) the payment of losses under any contract or policy which satisfies the definition of a kentucky policy in lloyd's kentucky trust deed (as amended from time to time), (a "kentucky policy"); (b) returns of unearned premium under a kentucky policy; (c) all expenditures and fees of the trustee (as defined in the trust deed and being, as at the date thereof, national city bank, kentucky, of louisville, kentucky, usa); (d) repayment of cash or securities advanced by the trustee to the trust held under the provisions of the trust deed; (e) certain transfers by the trustee to other trust funds or to the kentucky commissioner or other designated receiver; and for securing the other amounts and obligations referred to in the trust deed.
Short particulars
Cash, securities, letters of credit and other assets in the actual and sole possession of the trustee (or held by the trustee in the name of a nominee) and held under the provisions of the trust deed, and other property referred to in the trust deed.