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New Annual Compliance Process for Coverholders includes Declaration Page Review

Tue 18 Dec 2018

In Canada, the provincial insurance acts have stringent requirements for insurance documentation.  At Lloyd’s, we want to ensure all Canadian coverholders are using declaration pages that meet the necessary requirements.   

We have undertaken a coverholder declaration page review which will be required as part of the coverholder annual compliance task. 

Here are some tips to make sure you are meeting these requirements:

  • Lloyd’s licensed name for Canada is “Lloyd’s Underwriters”.  This needs to be prominently displayed on documentation that you issue on behalf of Lloyd’s Underwriters. Use of “Underwriters at Lloyd’s” or “Lloyd’s of London” are not compliant.

  • If you include the Lloyd’s logo on the Dec page (not compulsory), it need to be more prominent that the CH logo. 

  • Subscription policies that have non-Lloyd’s subscribers should not have Lloyd’s logo/branding on the DEC pages. 

  • Made in Canada language (below) MUST appear on ALL Canadian declarations in accordance with OSFI Ruling (Part XIII).

For the purpose of the Insurance Companies Act (Canada), this Canadian Policy was issued in the course of Lloyd’s Underwriters’ insurance business in Canada

  • Limitation clause (below) is mandatory on ALL declaration pages and must appear on the front page and be prominent (bold and/or uppercase) on the face of the policy.


Failure to comply with the above requirements could attract a fine by the regulatory authorities.

To view a sample declaration page, visit The sample is Declaration Page – LSW 1548C.

If you have any questions or concerns, feel free to contact