# The Insurance (Lloyd's) Regulations 1996, Regulation 7: Requirements for Lloyd’s underwriters


After section 85(4) of the 1982 Act (Lloyd’s underwriters—transfer of business) insert—
“(5) In this section references to a member of Lloyd’s include references to a former underwriting member of Lloyd’s (within the meaning of the Lloyd’s Act 1982) who has ceased to be a member of Lloyd's, whether by resignation or otherwise, in accordance with the Lloyd’s Act 1982 and any byelaw made thereunder.”

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Source: https://www.legislation.gov.uk/uksi/1996/3011/regulation/7 (the official version)
Page: https://openlegislation.uk/insurance-lloyds-regulations-1996/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.