[L069]

Lloyd's Premium Trust Fund
A trust fund established by Lloyd's of London. The underwriters or Lloyd's members are obligated to place the premiums received for insuring an account into this trust fund. The fund holds the premium for specified periods of time, and claim payments for that account are made from the trust fund. Any premiums remaining, including the interest or profits earned by the trust fund, are returned to the underwriter or Lloyd's member at the end of the specified period of time.