In April 2025, the LMA released two model endorsements that could be used in conjunction with binding authority agreements (LMA3113(A)/4/5 and LMA3134) to ensure policy documents issued are compliant with Lloyd’s mandate of lead security (see LMA bulletin: LMA25-008-DG). There was a subsequent update to one of the model endorsements (see LMA Bulletin: LMA25-023-DG).
The LMA has now updated all other model wordings containing the phrase ‘Certain Underwriters at Lloyd’s’ to match the requirements set out in Lloyd’s bulletin Y5438 ‘Delegated authority agreements – mandate of lead security’. Please note the language has been updated in line with language used in the endorsements published earlier in the year and is set out below:
For all jurisdictions, other than USA / Canada –
“Certain Underwriters at Lloyd’s led by [Insert Managing Agent Name], Lloyd’s Syndicate [insert Syndicate number]”
For Canada –
“Lloyd’s Underwriters led by [Insert Managing Agent Name], Lloyd’s Syndicate [insert Syndicate number]”
For USA –
“Certain Underwriters at Lloyd’s led by Lloyd’s Syndicate [insert Syndicate number]”
A list of the updated clauses can be seen in the following table:
| Updated reference | Previous reference | Title |
| LMA3136K | LMA3136J | Lloyd’s Generic Certificate Jacket |
| NMA2911B | NMA2911A | Lloyd’s Equine Claim Form and Release |
| NMA2872A | NMA2872 | Lloyd’s Renewal Certificate |
| NMA2868A | NMA2868 | Certificate SLC-3 USA |
| LMA9185A | LMA9185 | Policyholder Disclosure Notice of Terrorism Insurance Coverage (TRIA) |
| LMA9184A | LMA9184 | Policyholder Disclosure Notice of Terrorism Insurance Coverage (TRIA) |
| LMA9183A | LMA9183 | Policyholder Disclosure Notice of Terrorism Insurance Coverage (TRIA) |
| LMA9156A | LMA9156 | Policyholder Disclosure Notice of Terrorism Insurance Coverage (TRIA) |
| LMA3010B | LMA3010A | Lloyd’s Personal Accident Policy (K USA) |
| LMA3079A | LMA3079 | Primary Lawyers Professional Liability Insurance Wording (LAW07) |
| LMA3080A | LMA3080 | Primary Lawyers Professional Liability Insurance Wording (LAW08) |
| LMA3102C | LMA3102B | SLC-3 (COR) California Certificate Notice |
| LMA3103C | LMA3103B | SLC-3 (OM) California Certificate Notice |
| LMA3052A | LMA3052 | South Africa Certificate |
| NMA1996A | NMA1996 | Insurance Contracts Act 1984 |
Further information may be found in Lloyd’s Market Bulletin Y5438 and the associated Mandate of Security FAQs.
All LMA model clauses are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model clauses as they see fit; the LMA does not protect its intellectual property rights over model clauses. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk.
Lloyd Martin
Executive, Technical Underwriting
lloyd.martin@lmalloyds.com
Ray Koh
Legal Counsel
ray.koh@lmalloyds.com
