SRA Handbook

Source of indemnity

Back to version 21

Version 7 of the Handbook was published on 01/04/2013. For more information, please click 'History' Above

Rule 11: Source of indemnity

11.1

Any such indemnity shall be provided and any claim thereto shall lie and be made exclusively out of and against the fund.

11.2

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.

11.3

In no circumstances shall any claim to indemnity lie or be made against the Society or the Council or the Legal Services Board.

11.4

Save as provided in Rule 21, the fund shall be available exclusively for the purpose specified in Rule 4.2.

11.5

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.