The LMA’s International Casualty Business Reinsurance Panel has published the following clauses:
The panel identified as part of Project Spring Clean that two of the existing ACOD clauses, LSW1602 and LSW1603, needed updating to include communicable disease as part of occupational disease, to align with the IUA version. The new clauses, LMA5711 and LMA5712, have been published as a result of this work. LSW1602 and LSW1603 remain active as requested by the panel.
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. Model documents are available on the Lloyd’s Wordings Repository (LWR).
Claudia Goodridge
Senior Executive, Technical Underwriting
claudia.goodridge@lmalloyds.com
Jay Desai
Executive, Legal Trainee
jay.desai@lmalloyds.com