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 ⓘ