SRA Indemnity Insurance Rules


These rules require firms that are authorised by the SRA to take out and maintain professional indemnity insurance. They do not apply to solicitors, RELs and RFLs that practise outside SRA authorised firms.

Part 1: General

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Part 2: Responsibility and monitoring

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Part 3: Reporting

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Part 4: Transitionals

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Annex 1

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Annex 2

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Supplemental notes

Made by the SRA Board on 5 December 2018.

Made under sections 31 and 37 of the Solicitors Act 1974, section 9 of the Administration of Justice Act 1985, and section 83 of, and paragraph 19 of Schedule 11 to the Legal Services Act 2007.

The SRA Indemnity Insurance Rules 2013 do not apply in respect of any indemnity period beginning on or after 24 November 2019 but they remain in force in respect of the indemnity period from 1 October 2013 to 24 November 2019 inclusive.

SRA Indemnity Insurance Rules

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

Guidance

The Insurance Act 2015

Changes to the minimum terms and conditions (MTC) of solicitors' professional indemnity insurance (PII).

Recovering costs and payments from third parties

This guidance is to help you understand when and how we recover costs and payments from third parties following an intervention. We may have regard to it when exercising our regulatory functions.