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Policy Notes

POLICY NOTE - Insurance Premium Tax- Association of Underwriters

In accordance with section 2 of the Insurance Act, Cap. 310 an “association of underwriters” means

…an association of individual underwriters organised according to the system known as "Lloyd’s", whereby every underwriting member of a syndicate becomes liable for a separate part of the sum secured by each policy subscribed

Click here to download Insurance Premium Tax: Association of Underwriters