영국 로이드 보험시장에 대한 법적 고찰

Abstract

A Legal Analisys on the Corporation of Lloyd's The Corporation of Lloyd's is the name of an insurance exchange which locates in London, UK. Owing to the strict self regulation by its members and continuous development insurance plan, the Corporation has gained the dominant status not only in the domestic insuracne market of UK but also in the world insurance market. The Corporation's dominant power at the world insurance market has given to us a deep impression and greatly influenced to the Korean insurance industry. And the effectiveness of its administration strategy and performance is well recognized and evaluated by many Korean insurance companies. Because of the said importance of the Corporation, it is needed to study the special character of its constitution and to analyze the self regulation system. Recently, a new law has been enacted in order to consolidate the legal regulation on all areas of financial industry―banking, insurance, stock exchange etc.―in the UK. The new law is called as "Financial Services and Market Act 2000." It affects the special characteristics and self regulation system of the Corporation of Lloyd's. In this study, the historical background and present situation of the Corporation is surveyed in general. And the Corporation's constitution, sturucture, underwriting process of insurance and self regulation system are analyzed from the legal point of view. The main features of the new law "Financial Act 2000" are also summarized and the influence of that law on the outside intervention to the Corporation is briefly examined.