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.
KRS 304.3-040
"Lloyd's Plan" insurer defined
Known as the Controlling Agents Act
The act spans §§ 304–304 (79 sections).
Effective: July 15, 1994 History: Amended 1994 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.