IFoA SA3 Practice Questions - IFoA SA3 General Insurance Specialist Advanced Exam

Within the Lloyd's market, what is the primary role of a managing agent?

To manage one or more syndicates on behalf of the members who provide capital To provide the underwriting capital that supports a syndicate To act as the market regulator setting capital requirements To broke risks into the market on behalf of policyholders

Correct Answer:

To manage one or more syndicates on behalf of the members who provide capital

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