Friendly Societies Act 1875
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Friendly Societies Act 1875
The Friendly Societies Act 1875 was an Act of the Parliament of the United Kingdom passed by Benjamin Disraeli's Conservative government following the publication of the Royal Commission on Friendly Societies' Final Report. It was one of the Friendly Societies Acts 1875 to 1895 The Act encouraged friendly societies to register with the Registrar of Friendly Societies by granting them the legal right to own land and property in the name of their trustees and the ability to take out legal proceedings in return for registration. Registered societies were subject to regulation, for example they were required to submit quinquennial returns to the Registrar which gave details of their financial affairs and in-force business which could be used by the Registrar to evaluate their assets against their liabilities under life assurance, annuity and sickness business. Friendly societies paid ''de facto'' old-age pension A pension (, from Latin ''pensiō'', "payment") is a fund int ...
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Short Title
In certain jurisdictions, including the United Kingdom and other Westminster-influenced jurisdictions (such as Canada or Australia), as well as the United States and the Philippines, primary legislation has both a short title and a long title. The long title (properly, the title in some jurisdictions) is the formal title appearing at the head of a statute (such as an act of Parliament or of Congress) or other legislative instrument. The long title is intended to provide a summarised description of the purpose or scope of the instrument. Like other descriptive components of an act (such as the preamble, section headings, side notes, and short title), the long title seldom affects the operative provisions of an act, except where the operative provisions are unclear or ambiguous and the long title provides a clear statement of the legislature's intention. The short title is the formal name by which legislation may by law be cited. It contrasts with the long title which, while usual ...
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Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ...
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Parliament Of The United Kingdom
The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative supremacy and thereby ultimate power over all other political bodies in the UK and the overseas territories. Parliament is bicameral but has three parts, consisting of the sovereign ( King-in-Parliament), the House of Lords, and the House of Commons (the primary chamber). In theory, power is officially vested in the King-in-Parliament. However, the Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation; thus power is ''de facto'' vested in the House of Commons. The House of Commons is an elected chamber with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional convention, all governme ...
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Benjamin Disraeli
Benjamin Disraeli, 1st Earl of Beaconsfield, (21 December 1804 – 19 April 1881) was a British statesman and Conservative politician who twice served as Prime Minister of the United Kingdom. He played a central role in the creation of the modern Conservative Party, defining its policies and its broad outreach. Disraeli is remembered for his influential voice in world affairs, his political battles with the Liberal Party leader William Ewart Gladstone, and his one-nation conservatism or "Tory democracy". He made the Conservatives the party most identified with the British Empire and military action to expand it, both of which were popular among British voters. He is the only British prime minister to have been of Jewish origin. He was also a novelist, publishing works of fiction even as prime minister. Disraeli was born in Bloomsbury, then a part of Middlesex. His father left Judaism after a dispute at his synagogue; Benjamin became an Anglican at the age of 12. A ...
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Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the Two-party system, two main political parties in the United Kingdom, along with the Labour Party (UK), Labour Party. It is the current Government of the United Kingdom, governing party, having won the 2019 United Kingdom general election, 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the Centre-right politics, centre-right of the political spectrum, and encompasses various ideological #Party factions, factions including One-nation conservatism, one-nation conservatives, Thatcherism, Thatcherites, and traditionalist conservatism, traditionalist conservatives. The party currently has 356 Member of Parliament (United Kingdom), Members of Parliament, 264 members of the House of Lords, 9 members of the London Assembly, 31 members of the Scottish Parliament, 16 members of the Senedd, Welsh Parliament, 2 D ...
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Friendly Society
A friendly society (sometimes called a benefit society, mutual aid society, benevolent society, fraternal organization or ROSCA) is a mutual association for the purposes of insurance, pensions, savings or cooperative banking. It is a mutual organization or benefit society composed of a body of people who join together for a common financial or social purpose. Before modern insurance and the welfare state, friendly societies provided financial and social services to individuals, often according to their religious, political, or trade affiliations. These societies are still widespread in many parts of the developing world, where they are referred to as ROSCAs (rotating savings and credit associations), ASCAs (accumulating savings and credit associations), burial societies, chit funds, etc. Character Before the development of large-scale government and employer health insurance and other financial services, friendly societies played an important part in many people's lives. Many o ...
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Friendly Societies Acts 1875 To 1895
Friendly Societies Act (with its variations) is a stock short title used in New Zealand and the United Kingdom for legislation relating to friendly societies. List New Zealand *The Friendly Societies Act 1856 (19 & 20 Vict No 28) *The Friendly Societies Act 1867 (31 Vict No 27) *The Friendly Societies Act 1877 (41 Vict No 10) *The Friendly Societies Act Amendment Act 1878 (42 Vict No 23) *The Friendly Societies Act 1882 (46 Vict No 36) *The Friendly Societies Act 1882 Amendment Act 1886 (50 Vict No 6) *The Friendly Societies Act 1882 Amendment Act 1892 *The Friendly Societies Act 1909 (9 Edw 7 No 12) *The Friendly Societies Amendment Act 1911 (2 Geo 5 No 5) *The Friendly Societies Amendment Act 1914 (5 Geo 5 No 47) *The Friendly Societies Amendment Act 1915 (6 Geo 5 No 64) *The Friendly Societies Amendment Act 1922 (13 Geo 5 No 56) *The Friendly Societies Amendment Act 1948 (No 23) *The Friendly Societies Amendment Act 1949 (No 30) *The Friendly Societies ...
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Short Titles Act 1896
The Short Titles Act 1896 (59 & 60 Vict c 14) is an Acts of Parliament in the United Kingdom, Act of the Parliament of the United Kingdom. It replaces the Short Titles Act 1892. This Act was retained for the Republic of Ireland by section 2(2)(a) of, and Part 4 of Schedule 1 to, the Statute Law Revision Act 2007. In that country, this Act is one of the Short Titles Acts 1896 to 2007. Section 1 and Schedule 1 authorised the citation of 2,095 earlier Acts by short titles. The Acts given short titles were passed between 1351 and 1893. This Act gave short titles to all public general Acts passed since the Union of England and Scotland and then in force, which had not already been given short titles, except for those omitted from the Revised edition of the statutes, Revised Edition of the Statutes by reason of their local or personal character. In 1995, the Law Commission (England and Wales), Law Commission and the Scottish Law Commission recommended that section 1 and Schedule 1 be ...
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Quinquennial
An anniversary is the date on which an event took place or an institution was founded in a previous year, and may also refer to the commemoration or celebration of that event. The word was first used for Catholic feasts to commemorate saints. Most countries celebrate national anniversaries, typically called national days. These could be the date of independence of the nation or the adoption of a new constitution or form of government. There is no definite method for determining the date of establishment of an institution, and it is generally decided within the institution by convention. The important dates in a sitting monarch's reign may also be commemorated, an event often referred to as a "jubilee". Names * Birthdays are the most common type of anniversary, on which someone's birthdate is commemorated each year. The actual celebration is sometimes moved for practical reasons, as in the case of an official birthday or one falling on February 29. * Wedding anniversaries ...
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Life Assurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental me ...
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Life Annuity
A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive. The majority of life annuities are insurance products sold or issued by life insurance companies however substantial case law indicates that annuity products are not necessarily insurance products. Annuities can be purchased to provide an income during retirement, or originate from a ''structured settlement'' of a personal injury lawsuit. Life annuities may be sold in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (flexible payment annuity), prior to the onset of the annuity. The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant. At this point the contract will terminate and the remainder of the fund accumulated is forfeited unless there are other annuitants or beneficiaries in the contract. Thus a life annuity is a form o ...
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