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Single Claims Agreement Party Lma 9150
The SCAP protocol was broadcast live in February 2018. This is a contractual provision that delegates exclusive responsibility for the handling of claims to slip leader. Lloyd`s Brussels activities have no impact: Lloyd`s Brussels has an authorised UK branch, it will continue to be considered a UK authorised insurer and therefore a Slip Leader. Carriers should ensure that all sub-authors and staff agents are fully aware of this position. Uncertainty about the Brexit position means that this situation should be kept in mind. Airlines are also reminded that the SCAP clause is not a binding clause and that their suitability to be used in each contract should continue to be discussed on a case-by-case basis with brokers. The implementation of the SCAP clause (LMA9150) in February was combined with an operational tactical solution to address claims on office systems. A TOM working group was then set up to study short- and long-term solutions and related outcomes to support the SCAP clause. In the short term, the directive for this group was to identify the possibilities and a technical solution that will reduce the operational burden on brokers and carriers through the tactical solution, which will lead to the operational collapse of the contract chain and the points of contact of the claims, in accordance with the standard clause. Claims must have a value of less than £250,000 to fall within the scope of SCAP. The financial value is calculated on the basis of any deductibles and includes all the insured`s expenses or other recoverable amounts, but not the associated insurance costs. To the extent that they apply, exchange rates are fixed from the outset and duties do not leave the SCAP agreement solely for reasons of currency fluctuation. David Gittings, CEO of LMA, added that the single contract template “will make claims resolution more efficient in the London market and offer an improvement in service and customer experience”.
• The “tactical” model, which is initially adopted, does not require major changes to technology and/or services (including XCS` role in dealing with damage). . . .