1986 Ed.]
OF
Solicitors (Professional Indemnity) (Amendment) Rules
HOA
[CAP. 159
01
[Subsidiary]
SOLICITORS (PROFESSIONAL INDEMNITY)
(AMENDMENT) RULES
(Made under Cap. 159, section 73A)
L.N. 236/86.
LAW LIBRARY
[1 October 1986.]
1. These Rules may be cited as the Solicitors (Professional Indemnity) (Amendment) Rules.
2. In these rules, unless the context otherwise requires—
“Authorized Insurers" means persons carrying on liability insurance business or pecuniary loss insurance business and recognized as such by the Society.
"Basic Premium" means the amount, established by applying the formula set out in paragraph 3(1)(a) of the Schedule hereto (and which is represented by the letter "P" in such formula) as varied by sub-paragraphs 3(3) or (4) of the Schedule hereto.
"Certificate of Insurance" means the certificate issued by Authorized Insurers or a person specified by Authorized Insurers under the Professional Indemnity Insurance Scheme, upon compliance by a Firm with the provisions therein, in such form as the Society and the Authorized Insurers may from time to time prescribe, certifying that the Firm named therein is insured under the Professional Indemnity Insurance Scheme for the period therein mentioned and subject to the terms and conditions therein contained;
"Certified Public Accountant" shall have the meaning attributed thereto in the Professional Accountants Ordinance.
"Firm" means the firm as from time to time constituted carrying on the Practice.
"First Period of Insurance" means the Period of Insurance commencing 1 October 1986 and expiring 30 September 1987, both days inclusive.
"Former Master Policy" means the master policy entered into between the Society and Authorized Insurers, expiring on 30 September 1986;
"Gross Fee Income" means—
(a) all professional fees, remuneration, commission and charges of any kind whatsoever which are rendered in connection with the Insured's Practice, and
(b) all income derived by any service, administrative or trustee company or trust in so far as its activities are carried out solely in connection with the Practice but excluding—
1986 Ed.]
OF
Solicitors (Professional Indemnity) (Amendment) Rules
HOA
[CAP. 159
01
[Subsidiary]
SOLICH ORS (PROFESSIONAL INDEMNITY)
(AMENDMENT) RULES
Cap. 159, section 73A)
L.N. 236/86.
LAW
LIBRARY
[1 October 1986.]
1. These Rules may be cited as the Solicitors (Professional Indemnity) (Amendment) Rules.
2. In these rules, unless the context otherwise requires--
“Authorized Insurers" means persons carrying on liability insurance business or pecuniary loss insurance business and recognized as such by the Society.
"Basic Premium" means the amount, established by applying the formula set out in paragraph 3(1)(a) of the Schedule hereto (and which is represented by the letter "P" in such formula) as varied by sub-paragraphs 3(3) or (4) of the Schedule hereto.
"Certificate of Insurance" means the certificate issued by Authorized Insurers or a person specified by Authorized Insurers under the Professional Indemnity Insurance Scheme, upon compliance by a Firm with the provisions therein, in such form as the Society and the Authorized Insurers may from time to time prescribe, certifying that the Firm named therein is insured under the Professional Indemnity Insurance Scheme for the period there- in mentioned and subject to the terms and conditions therein contained;
"Certified Public Accountant" shall have the meaning attributed
thereto in the Professional Accountants Ordinance.
"Firm" means the firm as from time to time constituted carrying on
the Practice.
"First Period of Insurance" means the Period of Insurance com- mencing 1 October 1986 and expiring 30 September 1987, both days inclusive.
"Former Master Policy" means the master policy entered into between the Society and Authorized Insurers, expiring on 30 September 1986;
"Gross Fee Income" means--
(a) all professional fees, remuneration, commission and charges of any kind whatsoever which are rendered in connection with the Insured's Practice, and
(b) all income derived by any service, administrative or trustee company or trust in so far as its activities are carried out solely in connection with the Practice but excluding-
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