A continental exchange at which insurance is transacted e.g., at Amsterdam.
Tag: RAW
Boutique medicine
See: concierge care .
Box
An underwriter’s seat and desk at Lloyd’s.
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Each syndicate has a box in the underwriting room at Lloyd’s from which business may be transacted with Lloyd’s brokers. Each box comprises a couple of opposite facing benches and desks at which the underwriters employed by the managing agent of the syndicate sit, plus some stools for the visiting Lloyd’s brokers to sit on. Most boxes have computer terminals as well as access to other information technology.
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UK: The space occupied by an underwriter and his staff in the Room at Lloyd’s.
Boycott
An unfair trade practice which occurs when someone in insurance business refuses to have business dealings with another until he complies with certain conditions or concessions.
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Another practice defined as unfair under most states’ codes. Such a practice occurs when someone in the insurance business refuses to do business with someone else until that person complies with certain conditions or concessions.