Lloyd’s Act 1871

E460290

Lloyd’s Act 1871 is a UK statute that formally established the legal framework and corporate structure of the Lloyd’s of London insurance market.

All labels observed (2)

Label Occurrences
Lloyd’s Act 1871 canonical 3
Lloyd’s Acts 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf Act of Parliament of the United Kingdom
United Kingdom statute
appliesTo Lloyd’s of London
appliesToOrganization Society of Lloyd’s
linked to: Lloyd’s of London
appliesToOrganizationType insurance market
country United Kingdom
defines the Committee of Lloyd’s
the Society of Lloyd’s
linked to: Lloyd’s of London

the objects of the Society of Lloyd’s
the powers and duties of the Committee of Lloyd’s
enactedBy Parliament of the United Kingdom
linked to: British Parliament
enactedFor Lloyd’s of London insurance market
linked to: Lloyd’s of London
followedBy Lloyd’s Act 1911
hasAmendment Lloyd’s Act 1911
Lloyd’s Act 1925
Lloyd’s Act 1951
Lloyd’s Act 1982
historicalSignificance first comprehensive statutory recognition of Lloyd’s as a corporate body
jurisdiction Parliament of the United Kingdom
linked to: British Parliament
language English
legalEffect conferred corporate status on the Society of Lloyd’s
provided statutory basis for the operation of the Lloyd’s market
recognized Lloyd’s as a corporate body
linked to: Lloyd’s of London
legalStatusGrantedTo members of Lloyd’s acting collectively
locationOfEffect England and Wales
Northern Ireland
Scotland
mainSubject corporate governance of Lloyd’s of London
insurance market regulation
partOf Lloyd’s Acts
linked to: Lloyd’s Act 1871
purpose to define the corporate structure of Lloyd’s of London
to establish the legal framework of the Lloyd’s of London insurance market
to incorporate the members of Lloyd’s
regulates internal governance of the Society of Lloyd’s
management of Lloyd’s property
membership of Lloyd’s
powers of the Committee of Lloyd’s
relatedTo governance of underwriting members at Lloyd’s
regulation of insurance underwriting at Lloyd’s
sector insurance
reinsurance
setsOut objects and purposes of the Society of Lloyd’s
provisions on management of Lloyd’s funds and property
rules for meetings and decision-making of Lloyd’s
typeOfLaw corporate law
financial services law
yearEnacted 1871

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Lloyd’s of London governedBy Lloyd’s Act 1871
Lloyd’s Act 1871 partOf Lloyd’s Acts
linked to: Lloyd’s Act 1871
Lloyd’s Act 1911 relatedTo Lloyd’s Act 1871
Lloyd’s Act 1982 relatedTo Lloyd’s Act 1871