Persons entitled
- Lloyd'sas Trustees of the Trusts Created by the Trust Deed
Amount secured
The obligation of the company to pay the trustees sums equal in the aggregate to sums paid to the company's premiums trustees or otherwise applied under clause 7.2 of the trust deed: 1) in discharging or making good any lloyd's obligations of the company, or 2) because insufficient assets are available in the company's premiums trust fund, or 3) because the company has sustained an ascertained loss on a closed underwriting account, or 4) because a person has applied monies not belonging to the company in or towards the discharge of any claim upon any contract of insurance underwritten at lloyd's by or on account of the company
Short particulars
The future profits of the underwriting business of the company at lloyd's, subject to any prior charge contained in the company's premiums trust deed or any other trust deed or other instrument of the company at lloyd's.