SRA Indemnity Insurance Rules

You are reading current version in effect from 13 December 2021

Guidance

Guidance

The Insurance Act 2015 - Guidance

Guidance: To help you understand changes to the minimum terms and conditions of solicitors’ professional indemnity insurance which came into force in August 2016.

Adequate and appropriate indemnity insurance - Guidance

Guidance: To help you understand your requirement to take out and maintain professional indemnity insurance that provides adequate and appropriate cover in respect of services you provide.

Adequate and appropriate indemnity insurance - Case studies

Case studies: This case study should be read in conjunction with the guidance on adequate and appropriate indemnity insurance.

Professional indemnity insurance extended policy cessation period - Case studies

Case studies: These case studies explain when firms must keep us informed if they are having difficulties obtaining professional indemnity insurance during the renewal period.

Professional indemnity

The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. Browse the Code of Conduct, Solicitors' Accounts Rules and CPD requirements, or apply for permission to practise. Professional indemnity

Glossary terms

indemnity period

means:

  1. in the SRA Indemnity Insurance Rules and the MTC, 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
  2. in the SRA Indemnity Fund 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.

SRA Indemnity Insurance Rules

Back to
You are reading current version in effect from 13 December 2021

Guidance

Guidance

The Insurance Act 2015 - Guidance

Guidance: To help you understand changes to the minimum terms and conditions of solicitors’ professional indemnity insurance which came into force in August 2016.

Adequate and appropriate indemnity insurance - Guidance

Guidance: To help you understand your requirement to take out and maintain professional indemnity insurance that provides adequate and appropriate cover in respect of services you provide.

Adequate and appropriate indemnity insurance - Case studies

Case studies: This case study should be read in conjunction with the guidance on adequate and appropriate indemnity insurance.

Professional indemnity insurance extended policy cessation period - Case studies

Case studies: These case studies explain when firms must keep us informed if they are having difficulties obtaining professional indemnity insurance during the renewal period.

Professional indemnity

The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. Browse the Code of Conduct, Solicitors' Accounts Rules and CPD requirements, or apply for permission to practise. Professional indemnity

Glossary terms

indemnity period

means:

  1. in the SRA Indemnity Insurance Rules and the MTC, 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
  2. in the SRA Indemnity Fund 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.