Talk:Syndicate

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Should Femdom Syndicate be on this page? It doesn't really seem significant. Something akin to my friends and I who live in a tree fort and call ourselves "The Sinister Syndicate" -- it's not really relevant.--18.188.67.196 16:41, 2 April 2007 (UTC)

I agree Femdom Syndicate should be removed. —Preceding unsigned comment added by 173.9.37.97 (talk) 18:53, 4 August 2009 (UTC)

Insurance Syndicate

This proposes a new sub-heading (a Level Two section) on "Syndicate" to describe "Insurance Syndicates".

Extended content

==Insurance Syndicate==

Insurance contracts (contracts of indemnity) processed under the syndicate form of business organization date to the Hammurabi Code. The notion of insurance syndicate as a process for supplying indemnity was first codified in Lex Rhodia and is still used today as shipping's [[General Average|Law of General Average]].

===The Insurance Syndicate as Distinguished from the Corporate Insurer===

It is canon to the operation of the insurance syndicate that the liability of the suppliers of surplus is several and not joint.  This means that members or subscribers at insurance syndicates obligate themselves to a precise individual separate and several liability rather a joint liability.  Insurance syndicates are not "incorporated" and may not be incorporated: the US Supreme Court has held in Roby v Lloyd's (see bottom of page) that insurance syndicates have no separate existence.

Today, insurance syndicates seem present in three forms:

===The UK-based Lloyd's of London Insurance Exchange Model===

[This portion of the article is left to a Lloyd's of London expert.]

===The US-based Insurance Exchange Model===

In the United States there are four major insurance syndicates that supply indemnity through the several liability of their syndicate names - which are called subscribing members.

* Bulleted list item
United Services Automobile Association; NAIC # 25941; FEIN  74-0959140; TDI Company Number 14-86800; Current TDI Certificate of Authority  [CofA]  # 14585 granted on April 2 2008.
Unlawfully commenced inter-insuring by receipt of a syndicate name's deposit against a reciprocal contract on either June 20 or June 22 1922. First one year license (expired February 28 1926) to commence inter-insuring by reciprocal contract granted on or slightly before March 23 1925 (two and nine years after USAA's unlawful 1922 "receipt of a first deposit from a "syndicate name".

* Bulleted list item
Interinsurance Exchange of the Automobile Club; NAIC # 15598;  FEIN:  95-0865765;  California Company ID (CA DOI) 0392-1;   Certificate of Authority [CofA] granted to commence inter-insuring by reciprocal contract on October 4 1912

* Bulleted list item
Erie Indemnity Company; FEIN 25-0466020;  PA SOS Entity # 112672;  SEC File Number 0-24000  CUSIP 29530P-102; Incorporated  April 14 1925

* Bulleted list item
Farmers Group Inc; FEIN 95-0725935; NV Entity C1096-1927 Incorporated 17 Oct 1927; CA [foreign] Entity C0126554

These types of insurance syndicates are operated by Attorneys-in-Fact.

===Unregulated governmental and industrial insurance syndicates===

Because these arrangements are neither public nor regulated, they are hard to describe and attribute.  But upon information and belief, there are thousands of such arrangements in existence around the world where risks are shared by affinity/governmental/industrial groups on a several liability basis.


Roby v Lloyd's; 996 F.2d 1353, 61 USLW 2796, Fed. Sec. L. Rep. P 97,458, RICO Bus.Disp.Guide 8307, 1993 U.S. App. LEXIS 13089

Hank Voltaire (talk) 17:57, 6 November 2016 (UTC)

Not done: The page's protection level has changed since this request was placed. You should now be able to edit the page yourself. If you still seem to be unable to, please reopen the request with further details. — JJMC89 (T·C) 03:17, 7 November 2016 (UTC)

I went ahead and took a stab at this.--J. E. C. E. (talk) 06:03, 25 May 2018 (UTC)

++LOBBY++

- - -- So please to tell that may can happen. Presume if it did things? Police record your incident if how and when you can jump or run from enemy. Each tagline after tagline. — Preceding unsigned comment added by 2603:6011:C8F0:45F0:339E:4620:BF34:8AF2 (talk) 00:04, 12 April 2024 (UTC)