New to the QA Tools? Here you'll find some useful information about how the tools work and answers to the most common questions.
All managing agents are responsible for ensuring that Lloyd's requirements are met. Lloyd's brokers also have an interest in ensuring that their document preparation and placement processes support compliance with these requirements.
The QA Tools have been developed to cover open market and binding authority business. A contract will only include one type of business, therefore you only need to use the tool appropriate to the type of business covered by the contract to determine the Lloyd's requirements.
If your browser is not Java-enabled, you will not be able to use the QA Tools. To request a version of the QA Tools that does not require Java to be enabled please email email@example.com.
To print your requirements from the results screen simply click the 'Print this page' icon in the top right hand corner. This will print out all of the requirements that are currently on display. For example, if you have only expanded the 'International requirements' then only these will be printed out. Be warned, if you expanded all the requirements this could result in multiple pages being printed out and therefore you may prefer to save your requirements as a text file or as a CSV file.
To save your requirements as a text or CSV file use the export function available at the top of the results screen. Text files can be viewed in Notepad and CSV files can be viewed in Excel.
Downloads of all of the requirements are available from the 'Downloads' section on the page for each QA Tool. There are two downloads available: all Open Market requirements and all Binding Authority requirements.
Simply click on the 'Add' link found underneath the selection boxes for class of business. Doing this will add an additional dropdown box, if you decide the box is no longer needed you can remove it by clicking on the 'Delete' link found at the end of the selection box. You can add up to five extra selection boxes for class of business.
The international requirements only cover international compliance in your chosen country. To find out what the tax requirements are you will need to make a separate selection from the tax country selection box.
Simply click on the 'Add' link found underneath the selection boxes for taxation and international requirements. Doing this will add an additional dropdown box, if you decide the box is no longer needed, you can remove it by clicking on the 'Delete' link found at the end of the selection box. You can add up to 11 extra selection boxes for both taxation and international requirements check.
For global policies, as a minimum, the QA requirements for the country of the head office/parent company must be adhered to. There may, in certain circumstances, be additional requirements in respect of subsidiaries in other countries and exposures in those countries.
If the country you require is not listed please select 'Not Listed' from the dropdown box. If the class of business you require is not listed, use the 'Risk code and class of business mapping' spreadsheet available in the 'Downloads' section on the Open Market QA Tool.
Before you can submit your selections you need to make sure you have made a selection in all the selection boxes. This is to ensure that you are provided with a complete set of requirements relevant to you.
If you are having trouble accessing the tool or your question is not answered here please email firstname.lastname@example.org.