RF1 notes part J

J. Solicitors' Indemnity Insurance Rules

The Solicitors' Indemnity Insurance Rules apply to recognised sole practitioners, and all recognised bodies.

The Solicitors' Indemnity Insurance Rules do not apply to:

• solicitors or RELs who work in house, for example in local government, commerce or industry, and
• solicitors or RELs whose practice consists only of providing services without remuneration for friends, relatives, companies wholly owned by the practitioners family or registered charities or administering oaths.

You are required to submit details of your qualifying insurer's name, the policy number and period of cover. The list of qualifying insurers can be found on the website www.sra.org.uk/indemnity once this has been finalised for the new indemnity year.

Please ensure that you do not provide us with the details of an insurance broker.

If your firm has insurance under the RELs home professional rules and has been granted partial exemption under Appendix 3.1 and 3.2 of the rules, you will need to complete section (a) and section (b).

The minimum level of cover for recognised body partnerships is £2,000,000 for any one claim. For recognised body LLPs and companies, the minimum level of cover required is £3,000,000 for any one claim.

Assigned Risks Pool

If you have not been able to obtain indemnity insurance with a qualified insurer you will be required to insure through the assigned risk pool (ARP).

If you are insured through ARP you must show "assigned risks pool" as your insurer. You should state the ARP policy number and the date on which the cover commenced.

You do not need to send in proof of indemnity unless we request it. We will not issue a practising certificate or registration if you do not comply with the Solicitors' Indemnity Insurance Rules.