Where a mandatory offer has resulted in the major stakeholder in a Lloyd’s syndicate holding at least 90 per cent or more of syndicate capacity, the managing agent may seek permission from the Council to compulsorily acquire the remaining part of the capacity from the minority interests. (Byelaw 18/97).
Insurance Encyclopedia
Major teaching hospital
Medical facility that is associated with a university, has an accredited program in various specialties of medical practice, has an approved graduate medical education program, and has a ratio of interns and residents to beds of 25% or greater. It gives clinical experience to medical students while they deliver supervised medical care to patients.
Majority
Age, generally either 18 or 22, when a minor becomes of adult age as per state law and can assume civil duties and rights such as serving on a jury or voting.