Persons entitled
- Lloyd's
Amount secured
All losses,claims expenses,returns of premiums,re-insurance premiums and other outgoings payable as at the date of the trust deed or at any time thereafter to become payable in connection with or arising out of the long term business (as defined in the insurance companies act 1982) (whether current or past or future) of the company at lloyd's excluding any long term business and any other business conducted for any underwriting year of account commencing after the sixtieth anniversary of the date of the trust deed
Short particulars
B.premiums trust deed (long term business). Subject to exceptions specified in the trust deed:(1) all premiums,monies,investments and other assets belonging to or becoming payable to the company in connection with its long term business (as defined in the insurance companies act 1982) at lloyd's;(2) all further assets added to the trust fund; (3) all investments and other assets at the dateof the trust deed or thereafter representing any such premiums,assets or other monies;and(4) all income from time to time arising from any property charged. See the mortgage charge document for full details.