Example sentences of "[art] solicitor ' indemnity [noun] " in BNC.
Next page| No | Sentence |
|---|---|
| 1 | The Solicitors ' Indemnity Rules apply to multi-national practices — both MNPs and RBs . |
| 2 | Rule 12.18(b) of the Solicitors ' Indemnity Rules 1992 reads as follows : — |
| 3 | The effect of this is that the Solicitors ' Overseas Practice Rules , and not the Solicitors ' Indemnity Rules , apply to the overseas offices in respect of indemnity . |
| 4 | The Solicitors ' Indemnity Rules extend to recognised bodies the requirement to make contributions to the Solicitors ' Indemnity Fund ( SIF ) ; in return the Fund will provide cover of £1,000,000 in respect of each and every claim . |
| 5 | ( i ) ‘ Solicitors Indemnity Fund ’ means the Fund established under the Solicitors ' Indemnity Rules 1987 . |
| 6 | Indemnity insurance At the same time as applying for replacement of his practising certificate a solicitor must satisfy the Law Society ( by attaching to his application a copy of the form of evidence issued and stamped by London Insurance Brokers Ltd ) that he has complied with the provisions of the Solicitors ' Indemnity Rules 1991 or that he is exempt from so doing . |
| 7 | This is not interpreted so as to compel a solicitor in overseas practice to maintain cover in excess of the current levels prescribed by the Solicitors ' Indemnity Rules , though local requirements may have that result . |
| 8 | Notice of the potential or actual claim must be given to the Solicitors ' Indemnity Fund Ltd ( see Chapter 12 for a summary of the Solicitors ' Indemnity Rules ) . |
| 9 | The most well-known example is in the Solicitors ' Indemnity Rules 1989 , at General Condition 6.1.1 of Schedule 3the " Master Policy " covering the first layer of claims against all solicitors . |
| 10 | The paper was prompted by the Law Society 's concern over the increasing cost of defaults — it estimates that claims against its compensation fund will reach £20m annually , mainly attributed to defaults of sole practitioners ( defaults within partnerships usually fall on the solicitors ' indemnity fund ) . |
| 11 | An MNP will require cover under the Solicitors ' Indemnity Fund in respect of its offices in England and Wales . |
| 12 | In addition to the above payments an RFL who is a partner in or held out as a partner in an MNP is required to produce evidence of payment of the appropriate contribution to the Solicitors ' Indemnity Fund . |
| 13 | Overseas branch offices also have compulsory cover under the Solicitors ' Indemnity Fund , except in the case of an MNP having fewer than 75% solicitor principals . |
| 14 | Where a registered foreign lawyer who would , apart from this rule , be required to pay an annual contribution or special levy , claims , and the Council agrees , that he or she is so covered in respect of dishonesty or failure to account , whether by a compensation fund other than the Solicitors ' Compensation Fund , or by an indemnity fund other than the Solicitors ' Indemnity Fund , or by compulsory insurance , that there is a substantial reduction in the risk to the Solicitors ' Compensation Fund in respect of his or her practice in comparison with the risk presented by a solicitor practising in a like manner , the Council may reduce that annual contribution or special levy to such amount as the Council thinks fit or to zero . |
| 15 | The Solicitors ' Indemnity Rules extend to recognised bodies the requirement to make contributions to the Solicitors ' Indemnity Fund ( SIF ) ; in return the Fund will provide cover of £1,000,000 in respect of each and every claim . |
| 16 | Solicitors ' Practice Rule 14 requires solicitors who wish to provide structural surveys or formal property valuations to ensure that : ( 1 ) the work is carried out by a principal or employee who is a chartered surveyor or who holds another professional qualification approved by the Council of the Law Society ; and ( 2 ) an appropriate additional contribution is paid to the Solicitors ' Indemnity Fund ( see Chapter 12 ) . |
| 17 | Notice of the potential or actual claim must be given to the Solicitors ' Indemnity Fund Ltd ( see Chapter 12 for a summary of the Solicitors ' Indemnity Rules ) . |
| 18 | It is assumed that provisional agreement has been reached between prospective partners , all of whom are fully qualified solicitors ; that the firm name has been chosen and premises identified ; that certificates and licences have been obtained as necessary in relation to specialist aspects of the work of the practice and registration obtained for VAT ; that the Solicitors ' Indemnity Fund has been informed of the existence of the new practice ; and generally that there is no legal or professional obstacle to accepting instructions from clients . |
| 19 | Besides notice to the clients , information as regards mergers and takeovers will be required to be given to the Law Society and to the Solicitors ' Indemnity Fund , to the Inland Revenue and to Customs and Excise — just as upon the starting up of any new firm . |