21 January 2019

Class 7, The War Risks Class (7.119)

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This notice sets out proposed amendments to the rules for class 7, the War Risks class. It explains changes to the definitions, cover arrangements, Brexit-related provisions, and membership rules, including the proposed role of a subsidiary in underwriting war risks business.

London P&I also notes that the amendments are intended to align the Class 7 rules with other class rules and to create a common framework for entries insured by either the Association or a subsidiary.