Lloyd's Act

Lloyd's Act refers to legislation related to Lloyd’s of London, a historic insurance market. It provides the legal framework governing Lloyd’s operations, including its structure, registration, and regulation of members and brokers. The Act ensures that Lloyd’s functions transparently and fairly, maintaining its reputation as a global leader in insurance and reinsurance. Essentially, it sets the rules for how Lloyd’s operates legally and administratively, protecting policyholders, members, and the market as a whole.