SRA application to the Legal Services Board

Last updated: 9 July 2010

Notice of application

We have submitted an application to the LSB for approval of the

• the Indemnity Insurance rules 2010,
• the minimum terms and conditions, and
• relevant parts of the Qualifying Insurers Agreement.

The changes in respect of the ARP and successor practice provisions were the subject of formal consultation papers.

We are now seeking your views on specific changes which were not covered as part of the previous consultations. These proposed changes are as follows.

• Defence Costs (MTC—Clause 1.2(c)) (see paragraphs 35 to 40 of the application);
• Award by Regulatory Authority (MTC—Clause 1.8) (see paragraphs 41 to 48); and
• Debts and Trading Liabilities (MTC—clause 6.6(b)) (see paragraphs 49 and 50).

Responses

Download

• our application to the LSB (PDF 21 pages, 171K)
• Annex 1 — Solicitors' Indemnity Insurance Rules and Minimum Terms and Conditions (PDF 65 pages, 765K), and
• Annex 2 — Assigned Risk Pool and Qualifying Insurers Agreement (PDF 137 pages, 982K)

Please send your comments or enquiries to consultation@sra.org.uk by 23 July 2010.

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