Person who administers the estate of a deceased person. If nominated in a will, the person is an executor. A person appointed by the court is an administrator. As personal actions survive the death of a person, liability policies indemnify the insured’s legal personal representatives.
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The executor or administrator of an estate.

Infections caused by legionella. Legionnaires’ disease is a lifethreatening form of pneumonia caused by legionella pneumophila bacteria. The business risks are: closure during outbreak investigation; clean up costs; claims from employees and third parties; business interruption when nearby attraction closes due to outbreak. Property owners may suffer void periods and lower rents. Relevant statutory requirements include HSWA and Management of Health and Safety at Work Regulations 1992. Insurance solutions include business interruption cover, clean up costs cover and legionellosis liability.

A claims-made policy covering liability for third party injury caused by legionellosis arising out of the business. The risk arises from recirculating hot and cold water systems. Insurers regard third party claims as ‘gradual pollution’ claims and thus exclude them under public liability insurance. Cover is granted under legionellosis liability cover. The employers’ liability policy responds to legionellosis claims as specific diseases cannot be excluded under this compulsory form of insurance.

A document issued by a bank, at the buyer’s request, guaranteeing payment to the seller upon receipt by the bank of shipping and documents validating the delivery of goods. L/Cs are also used on a ‘standby’ basis to secure recoverables from non-admitted reinsurers to enable the cedant to reduce its provision for unauthorised reinsurance in its statutory statement.

York-Antwerp Rules that are prefixed by a letter rather than a number. The lettered rules apply only when it is impossible to apply the numbered rules.
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Those of the York-Antwerp Rules that are prefixed by a letter as distinct from a number. The lettered rules are applicable only in circumstances to which it is impossible to apply the numbered rules.

Life insurance premiums are the same amount each year and do not increase as age increases. The premiums charged in the early years are more than sufficient to cover the mortality risk and so contribute to a reserve. In later years the reserve is used at a time when the level annual premium is insufficient to cover the mortality risk.

1. General levy is paid by all occupational and personal pension schemes covered by the Pension Scheme Registry. The amount depends on the number of members. This levy funds the Registry, the Pensions Ombudsman and Opra, including grants made by Opra to OPAS. 2. The compensation levy is a part of the levy paid by the occupational pension schemes eligible for compensation. It pays the compensation and expenses of the Pensions Compensation Board.