The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Exhausting other remedies
Version 21 of the Handbook was published on 06/12/2018. For more information, please click 'History' Above
Rule 13: Exhausting other remedies
A grant may be refused or limited where the loss or part of the loss is an insured risk or where the loss is capable of being made good by some other means.
to pursue any civil remedy which may be available to the applicant in respect of the loss;
to commence insolvency proceedings;
to make a formal complaint to the Police in respect of any dishonesty on the part of the defaulting practitioner; or
to assist in the taking of any action against the defaulting practitioner.
In respect of an application for a grant under rule 5, the SRA may, before deciding whether to make a grant, require the applicant and/or the defaulting practitioner to seek indemnity from one or more qualifying insurers under a policy or policies of qualifying insurance.