Question

Which of the following principles govern Lloyd's operations in China?

a.

Long-term strategic investment

b.

Transfer of underwriting expertise and technology

c.

Profit-driven underwriting

d.

All of the above

Answer: (a).Long-term strategic investment Explanation:The five governing principles for Lloyd's in China include long-term strategic investment, transfer of underwriting expertise and technology, profit-driven underwriting, full access to the Lloyd's Chain of Security, and striving to develop China's insurance broker market.

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Q. Which of the following principles govern Lloyd's operations in China?

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