Minimum terms and conditions
These express the minimum coverage firms must have in respect of their regulated business. Qualifying insurers are free to issue their own policy terms so long as they provide at least the coverage set out in the minimum terms and conditions 2008.
Previous minimum terms and conditions
As a safety net for the public and for firms, qualifying insurers have committed to the SRA that the coverage set out in the minimum terms and conditions will apply as a minimum, regardless of the wording of the policy actually issued.