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27. AGENCY DEPARTMENT

Lloyd's: Law and Practice

27. AGENCY DEPARTMENT AGENCY DEPARTMENT 27.1 The Lloyd’s Agency system was first established in 1811. 1 There are currently about 300 Lloyd’s Agents and about the same number of sub-agents around the world providing shipping information and casualty intelligence, marine survey and, in most cases, claims adjusting services. 2 They are trained and periodically financially audited and examined for competence by the Agency Department. There is a service level agreement between Lloyd’s and Lloyd’s Agents for survey work. 3

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