Question

What delayed Lloyd's entry into the reinsurance field?

a.

Its focus on marine insurance.

b.

Its lack of specialized insurers.

c.

Its lack of demand for reinsurance.

d.

Its restrictive legislation.

Answer: (d).Its restrictive legislation. Explanation:Lloyd's entry into the reinsurance field was delayed by the restrictive legislation of 1746.

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Q. What delayed Lloyd's entry into the reinsurance field?

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