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Glossary Home | Search Glossary | Submit New Term Water quality insurance syndicateGroup of marine underwriters formed in 1971 to provide coverage for shipowners for water pollution liability. The federal water quality improvement act of 1970 made shipowners responsible for hazardous substances discharged by their ships into the water. This led to the Water Quality Insurance Syndicate. Coverage extends to liabilities imposed by states. The syndicate vouches for the financial responsibility of those it insures. Find a Real Estate Agent to help you to buy or sell a home |
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