LMA Annual Binding Authority Model AgreementsTue 10 Sep 2013
In July 2013 three new model binder wordings were released. There is one for the US, one for Canada and one for worldwide business, excluding the US and Canada. The new wordings were created to reduce the number of model wordings and endorsements in use as well as to reflect regulatory changes and the use of new technology. The new format should also be easier to use.