Powers of the Society

You are reading current version in effect from 25 November 2019
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You are reading current version in effect from 25 November 2019

Glossary terms

fund (2012)

means the fund maintained in accordance with the SRA Indemnity Rules.

Society (2012)

means the Law Society, in accordance with section 87 of the SA.

contributions (2012)

means contributions previously made to the fund in accordance with Part III of the Solicitors' Indemnity Rules 2007 (or any earlier corresponding provisions), and any additional sums paid in accordance with Rule 16 of the SRA Indemnity Rules.

person (2012)

includes a body of persons (corporate or unincorporated).

Council (2012)

has the meaning given in section 87 of the SA.

indemnity period (2012)

means:

(i)

in the SRA Indemnity Insurance Rules, the period of one year starting on 1 September 2000, 2001 or 2002, the period of 13 calendar months starting on 1 September 2003, or the period of one year starting on 1 October in any subsequent calendar year; and

(ii)

in the SRA Indemnity Rules, the period of one year commencing on 1 September in any calendar year from 1987 to 2002 inclusive, the period of 13 calendar months commencing on 1 September 2003, and the period of one year commencing on 1 October in any subsequent calendar year.

master policy (2012)

means a policy referred to in Rule 5 of the SRA Indemnity Rules.