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LMA Service Company Agreement

The LMA has issued an updated version of the Service Company Underwriting Agreement(“SCUA”), LMA3134 dated 7 September 2015, with the aim of providing a comprehensive model binding authority contract for a Service Company Coverholder being 100% aligned to its associated Managing Agent and which binds insurance only for its managed syndicates.

Service Company Coverholders are Lloyd’s approved Coverholders that have been classified as "Service Company Coverholders" by Lloyd’s by reason of their close connection with a single Managing Agent.