PRELIMINARY

Related Commentary  Related HMRC Manuals

1(1)  In this Part of this Schedule–

the arrangements”  means the arrangements mentioned in section 175(1) of this Act;

cash call”  means a request for funds which, in pursuance of a contract made in accordance with the rules and practices of Lloyd's, is made to a member by the agent of a syndicate of which he is a member;

overall premium limit” , in relation to a member and an underwriting year, means the maximum amount which, under the rules of Lloyd's, the member may accept by way of premiums in that year;

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