The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Source of indemnity
Version 21 of the Handbook was published on 06/12/2018. For more information, please click 'History' Above
Rule 11: Source of indemnity
Any such indemnity shall be provided and any claim thereto shall lie and be made exclusively out of and against the fund.
Solicitors Indemnity Fund Limited shall have no obligation to provide indemnity save to the extent that the same can be provided out of the fund.
Save as provided in Rule 21, the fund shall be available exclusively for the purpose specified in Rule 4.2.
In no circumstances shall the fund or any part thereof be available or be treated by any person as available (whether by virtue of any claim, attachment, execution or proceeding or otherwise howsoever) for or in connection with any other purpose.