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11. PLACING AND ACCEPTING INSURANCE AT LLOYD’S: OPEN MARKET BUSINESS

Lloyd's: Law and Practice

11. PLACING AND ACCEPTING INSURANCE AT LLOYD’S: OPEN MARKET BUSINESS PLACING AND ACCEPTING INSURANCE AT LLOYD’S: OPEN MARKET BUSINESS 11.1 The traditional method of placing business was described by Lord Diplock in 1974 in American Airlines v Hope 1 as follows:

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